Japanese Companies Consider Asset Sales as Yen Debt Costs Rise
Japanese companies are expanding their toolkit to deal with the steepest borrowing costs in a generation, including considering sales of strategic shareholdings and other assets to offset the impact, a Bloomberg News survey shows.
Japanese firms are broadening their options to manage the highest borrowing expenses in decades, according to Bloomberg News findings. The survey of 30 nonfinancial Japanese entities with outstanding yen bonds reveals that some entities are contemplating the sale of key shares and other properties to counteract the effect. Other potential measures being reviewed comprise taking on more debt externally and accelerating financing schedules.
These findings, based on 14 responses collected in August, highlight the significance of how Japanese corporations handle escalating funding expenses, which could potentially impact worldwide markets, as they have done in the past.
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- Japanese companies consider asset sales as yen debt costs rise japantimes.co.jp
