Corporate borrowers are turning to Japan for cash that is becoming increasingly hard to get anywhere else in the world.
Debt sales in Japan by overseas issuers from Bentonville, Ark.-based Wal-Mart Stores Inc., the world’s largest retailer, to Zurich-based bank UBS AG rose 37 percent to 2.03 trillion yen $18.5 billion this year from the same period of 2007, data compiled by Bloomberg show. Sales of so-called samurai bonds may exceed 3 trillion yen this year for the first time since 1996, according to Merrill Lynch & Co.
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