Japanese companies consider asset sales as yen debt costs rise
Among measures under deliberation are sales of strategic shareholdings and other assets to offset the impact, borrowing more overseas and bringing forward funding plans.
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.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
