Japanese borrowers set record euro bond sales amid shift from dollar funding

7 articles · Updated · Bloomberg · Apr 29

Japanese issuers have sold €18.5 billion in euro-denominated bonds so far in 2026, over five times the amount in the same period last year.
While dollar bond issuance by Japanese borrowers has also increased by 53% to $45 billion, yen-denominated bond sales have declined by 3.6% to 7.3 trillion yen.
This surge in euro bond sales highlights a significant move by Japanese companies to diversify funding sources and reduce reliance on the US dollar in global capital markets.

Why are Japanese companies suddenly embracing the euro more than their own yen for raising debt?

How does Japan's corporate debt shift reflect its geopolitical balancing act between the U.S. and Europe?

With Japanese investors pulling billions from foreign assets, are U.S. Treasury bonds facing a demand crisis?

As the historic 'yen carry trade' unwinds, what new risks now threaten global financial stability?

Could the ECB's 'safe asset' strategy successfully challenge the long-standing dominance of the U.S. dollar?