SINGAPORE (Kyodo) An increasing number of Japanese companies are showing strong interest in raising funds on the Singapore bourse, which has emerged as one of the region's most competitive.
A wave of public listings by Japanese companies is expected this year in line with their trend to tap Asian exchanges and overcome the weak fundraising environment in Japan, and to ride on the back of the region's rapidly growing economic power.
"A lot of growth companies are seeking funding outside Japan mainly because they can't raise money in Japan," said Tomoyasu Maruyama, a partner at the international audit firm Deloitte Touche Tohmatsu LLC.