2026年,日本企業は,強い需要と資金の必要にかかわって,高額債務を記録的に発行する.
Japanese firms to issue record yen debt in 2026, driven by strong demand and funding needs.
日本の企業は,2026年度に記録的に最高額を発行することが期待されており,2025年度の急増で,債券に1999年以降,16.5兆円(1105-35億円)が売却された.
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.
債券の需要は高まり,国債の変動が低くなっているため,債券の発行が進んでいる.
Strong investor demand, fueled by rising yields and lower volatility compared to government bonds, continues to drive issuance.
企業は資本支出,AI投資,合併及び取得を図るとともに,短期間の債券及び小売投資家の参入は増加している.
Companies are funding capital spending, AI investments, and mergers and acquisitions, while shorter-maturity bonds and retail investor participation are increasing.
利率の上昇は,一部の企業に銀行融資への移行を促すかもしれないが,市場状況と再融資の需要は,高い発行を維持すると予想される.
Though higher interest rates may pressure some firms to shift to bank loans, market conditions and refinancing needs are expected to sustain high issuance.
日本銀行は,9月前には増額を期待していない.
The Bank of Japan is not expected to raise rates before September.