Japanese companies issued ¥1 trillion worth of convertible bonds in the first half of the year, the highest amount since 2004.
Japanese companies issued ¥1 trillion worth of convertible bonds in the first half of the year, the highest amount since 2004.
The total equals $6.2 billion and reflects renewed interest in convertible bonds as interest rates continue to rise.
The development highlights recent trends in the Japanese economy.
Japan's Finance Ministry spent a record ¥11.73 trillion intervening in foreign exchange markets to support the yen during the month ending May 27.
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Kawasaki Heavy plans to raise ¥200 billion by issuing new shares and convertible bonds. The company will decide on the details of the issuance as soon as this week.
Japan Bank for International Cooperation (JBIC) and commercial banks plan to lend $2.2 billion for three U.S.-based projects. The loans form the first tranche of a total $36 billion investment. The move underscores U.S.-Japan relations.
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Japan's benchmark Nikkei 225 index rose above 65,000 for the first time on May 25 as expectations grew that a deal might be reached to end the military conflict between the United States and Iran.