Japan cuts issuance of longest bonds as fiscal worries drive selloff
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Japan's finance ministry plans to issue the fewest super-long government bonds in 17 years, reducing issuance by nearly a fifth to 17.4 trillion yen. This decision reflects concerns over rising JGB yields due to expansionary fiscal policies. Total JGB issuance next fiscal year will be 180.7 trillion yen, 5% less than the current fiscal year. The ministry will hold annual hearings with market participants to gather feedback. The Bank of Japan's policy shift pressures the government to shorten bond durations.
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