Many Japanese companies will this month be scrambling to secure the additional funds necessary to close their books at the financial year-end.

Pacific Holdings, which manages real estate investment trusts (Reits), will be among the more anxious to do so, as it races to negotiate a Y46bn ($470m) investment from more than 10 Chinese funds, originally scheduled for last November but yet to be delivered. The company admitted in a press release last month that the injection "is critical to the continuation of our business".