Yen bond offerings hit record $16bn as AI funding race reaches Japan

Alphabet raises funds in May, followed by Hon Hai and Zurich Insurance Hyperscalers are conducting global fundraising to finance AI buildouts. (Source photos Nikkei and Reuters) TOKYO -- Overseas companies and institutions are starting to tap Japanese investors' money as they join a global fundraising blitz triggered by AI hyperscalers, with the amount of yen-denominated debt issuances by foreign entities reaching a record in the April-September half.