Japan to cut superlong government bond sales amid record yields
TOKYO -- Japan's Finance Ministry will reduce the issuance of superlong government bonds starting next month in response to record-high yields, taking the unusual step of revising its offering plan this early in the fiscal year.
During Friday's private meeting with primary dealers that take part in the auctions, the ministry proposed cutting the issuance of Japanese government bonds with maturities over 10 years.
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Japan to cut superlong government bond sales amid record yields
TOKYO -- Japan's Finance Ministry will reduce the issuance of superlong government bonds starting next month in response to record-high yields, taking the unusual step of revising its offering plan this early in the fiscal year. During Friday's private meeting with primary dealers that take part in the auctions, the ministry proposed cutting the issuance of Japanese government bonds with maturities over 10 years.
