Japan demonstrates one of the the first successes in freeing up the credit markets as two blue chips raise bond issues.

DoCoMo and Nippon Steel deals break bond ice ft.com

The success of two large bond issuances by NTT DoCoMo and Nippon Steel last week in Japan helped stimulate the country’s corporate bond market, which had all but dried up after the collapse of US bank Lehman Brothers and increasing bankruptcies at home.