Companies have raised more cash in Tokyo this year than in Asia’s other developed markets put together, taking Japan to the top of the region’s initial public offering charts.
As investors have warmed to the pro-growth policies of Shinzo Abe, prime minister, since the beginning of January, newcomers to Japan’s markets have raised Y181bn ($1.9bn) – more than issuers in Singapore, Hong Kong and Australia combined, according to data from Bloomberg.
Globally, Japan ranks number two by funds raised – a position it has not occupied since the same point in 2006, according to Dealogic.
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