M&A Boom in Japan Is Fueling Record Corporate Bond Sales

Corporate bond issuance in Japan is poised to breach a record this year on growing funding demand for mergers and acquisitions as the economy continues to move away from three decades of deflation.

The appetite for funds is outweighing concerns about the Middle East conflict after the US and Iran failed to reach an agreement as the war enters its seventh week. Yen bond issuance in Japan has been unfazed, with sales rising 94% in March on a year earlier. That’s more than four times faster all global corporate debt combined, according to data compiled by Bloomberg.