The draft shows that Japan will reduce the issuance of super long-term government bonds.

Golden Ten Data on June 19, according to the draft document, Japan will cut the scheduled treasury bond sales by 500 billion yen to 171.8 trillion yen in the 2025/2026 fiscal year compared with the original plan, cut the issuance scale of 20-year and 30-year treasury bonds by 900 billion yen to 11.1 trillion yen and 8.7 trillion yen respectively, and will increase the sale of 2-year treasury bonds, 1-year and 6-month treasury bond discount notes by 600 billion yen; Sales of household sector government bonds will be increased by 500 billion yen to 5.1 trillion yen. The revised issuance plan will be presented to primary dealers for discussion at Friday's meeting.

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