日本公司在2026年发行创纪录的日元债务,其驱动力是强劲的需求和资金需求。 Japanese firms to issue record yen debt in 2026, driven by strong demand and funding needs.

预计日本公司2026年将发行创纪录的日元公司债务,此前,2025年的债券发行量猛增16.5万亿日元(105-1350亿美元),是1999年以来最高的。 Japanese companies are expected to issue record levels of yen-denominated corporate debt in 2026, following a surge in 2025 that saw ¥16.5 trillion ($105–135 billion) in bonds sold—the highest since 1999. 由于收益率上升和与政府债券相比波动性较低,投资者需求强劲,继续推动发行。 Strong investor demand, fueled by rising yields and lower volatility compared to government bonds, continues to drive issuance. 公司正在为资本支出、大赦国际投资、合并和收购提供资金,而短期债券和零售投资者的参与正在增加。 Companies are funding capital spending, AI investments, and mergers and acquisitions, while shorter-maturity bonds and retail investor participation are increasing. 尽管较高的利率可能会迫使一些公司转向银行贷款,但市场条件和再融资需求预计会维持高额发行。 Though higher interest rates may pressure some firms to shift to bank loans, market conditions and refinancing needs are expected to sustain high issuance. 预计日本银行不会在9月前提高利率。 The Bank of Japan is not expected to raise rates before September.