Japan's finance ministry on Monday proposed trimming the size of
liquidity-enhancing auctions for mid-term government bonds, citing improved JGB
market functioning as the Bank of Japan scales back bond purchases. In a
document circulated to primary dealers, the ministry proposed cutting monthly
issuance for bonds with remaining maturities of more than five years and up to
11 years to ¥500 billion in the Oct–Dec quarter, a ¥150 billion reduction versus
the current quarter.
