Debt bankers and investors are bracing for what is shaping up to be the next big trend in the global credit market: Japan Inc. raising billions abroad.

Investors in Japanese government bonds are bracing for a potential power shift in upper house elections this weekend that could strain the country's already frail finances, with long-dated yields soaring to all-time highs as the vote nears.

President Donald Trump repeated his demand for the Federal Reserve to cut interest rates on Monday, claiming the U.S. should have the lowest in the world and save billions in government borrowing costs.