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The volatility in Japan’s credit market that forced several issuers to shelve sales is igniting debate about whether to shorten marketing periods to help deals get done.

Bookbuilding in Japan is typically a five-day affair, with the central bank’s long-running commitment to supereasy monetary policy keeping yields relatively stable. But with the yen plummeting, inflation accelerating and the Bank of Japan under pressure to adjust its stance, that drawn-out process is leaving both issuers and investors exposed to the swings of the market and prompting calls for change.

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