Alphabet considering first yen bond sale to fund AI expansion

Alphabet is considering issuing Japanese yen denominated bonds for the first time, with Mizuho, Bank of America and Morgan Stanley selected to work on the transaction. The potential offering would include senior unsecured yen bonds and depends on market conditions.

The move diversifies Alphabet's funding strategy as spending on AI infrastructure, data centers and cloud computing rises. The company recently raised nearly $17 billion through separate euro and Canadian dollar bond offerings.

Alphabet increased its annual capital expenditure forecast to between $180 billion and $190 billion. The company's balance sheet remains one of the strongest in the technology sector.