Assume an international bank wants USD funding by issuing a Japanese yen bond swapped into USD. Cross-currency basis swaps (that is, floating-for-floating cross-currency swaps) between USD and JPY with a five-year maturity are currently priced at minus 40 basis points. This means that the bank can swap USD 3-month LIBOR (flat) against JPY 3-month LIBOR minus 40 basis points. Assume the bank can borrow at JPY 3-month LIBOR plus 1%. What is the cost for borrowing in Japan and swapping the debt into USD? Would a wider (more negative) spread in the pricing of the swap increase or decrease the cost?