Japanese companies are selling record amounts of short-term bonds, a sign they’re bracing for the likelihood that the central bank will dismantle its ultra-low interest rate policy.
Issuance of yen corporate notes due in five years or less reached an unprecedented 7.4 trillion yen ($56 billion) in the fiscal year ended March 31, according to data compiled by Bloomberg. That came as sales of Japanese debt maturing in longer than five years during the period fell to 5.4 trillion yen, the least since fiscal 2015.
Source : Japanese Firms Sell Record Short-Term Bonds as BOJ Tightening Looms