日本

Japan Inc in big push into dim sum market

Japanese companies are increasingly tapping the renminbi bond market in Hong Kong as they aggressively expand in one of the world’s fastest-growing regions.

So far this year Japanese companies have raised Rmb3.4bn ($534m) in so-called dim sum bonds, almost three times as much as the same stage last year, according to Thomson Reuters data.

Issuance in euros, by contrast, has evaporated entirely amid tepid demand among investors for low-yielding bonds and relatively high costs for issuers to swap proceeds back into yen.

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