Commercial paper on books doubles over 2 years to 17-year high

20260815N tokyo office buildings financial board composite

Japanese corporations are holding more commercial paper as a way to park their cash. (Source photos by Nikkei)

SORA KITAJIMA

TOKYO — Japanese companies are rapidly increasing investments in short-term corporate bonds known as commercial paper, with holdings doubling in the past two years to reach the highest level in 17 years.