Japan Plans Cut in Super-Long Bond Liquidity Auctions

Japan proposed decreasing by ¥100 billion ($675 million) issuance of super-long term government bonds at each enhanced liquidity auction for October and December, the Ministry of Finance said after meeting JGB primary dealers on Wednesday.

Issuance will be cut to ¥250 billion from ¥350 billion for debt due in more than 15.5 years and less than 39 years at each of the scheduled October and December debt auctions, the ministry said.