According to a source and the companies, three Japanese corporations have delayed the sale of 100 billion yen ($678.43 million) worth of yen-denominated bonds in the aftermath of the global financial market turbulence brought on by US tariff announcements.<\/p>\n
According to a business representative, Asahi, the most prominent firm in Japan, was scheduled to issue 50 billion yen ($340 million) this month but postponed the offering because of market turbulence. According to a spokeswoman, Suntory Holdings postponed the offering of 10 billion yen in subordinated bonds, whose pricing was scheduled for this week.<\/p>\n
In addition, Nissin announced that it had delayed a scheduled bond sale, although it would not elaborate. A source with knowledge of the situation stated that the noodle manufacturer was expected to issue bonds totaling 40 billion yen.<\/p>\n
As financial markets struggled with the worldwide repercussions of US President Donald Trump’s tariffs, which investors worried could lead to a full-scale trade war and a severe recession, the three Japanese debt agreements were put on hold.<\/p>\n
Even as US stock futures increased and Asian equities recovered Tuesday from more than one-year lows, investors remained on edge as they anticipated that Washington would be open to negotiating some of the aggressive tariffs that have caused market upheaval.<\/p>\n
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