Japan convertible bond issuance at 22-year high on overseas inflows

BondsJanuary-June tally reaches $6.8bn as investors look to curb equities risksJapanese chip testing equipment maker Advantest raised 100 billion yen using convertible bonds in April. (Photo by Shintaro Ino)TAKAHISA TAMURAJuly 22, 2026 07:22 JSTTOKYO -- Companies in Japan have sharply increased their issuance of convertible bonds, approaching a level not seen in more than two decades as foreign investors pour in money to avoid risks from trading stocks.