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.

2026-09-28

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.

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