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Aflac Taps Japan's Yen Bond Market With ¥65.9 Billion Offering

Aflac Inc. raised ¥65.9 billion ($415 million) through a four-tranche yen bond issuance Thursday. The US insurance company joined a wave of overseas borrowers accessing Japan's debt market as foreign investor appetite for Japanese credit remains steady. Japanese government bonds, particularly longer-dated instruments, faced downward pressure this week amid rising global yields, inflation concerns, and increased fiscal spending. However, demand remained solid at recent auctions, suggesting underlying market strength. The issuance underscores foreign corporations' willingness to finance operations in Japanese currency despite near-term headwinds in fixed-income markets.