Citing two government sources, Reuters reported on Tuesday that the Japanese Finance Ministry is considering bringing forward its plan to reduce 20-year bonds by JPY200 billion ($1.39 billion) from January.
The sources attributed such a move to rising interest rates dampening investor appetite for the interest-bearing long-dated debt.
Market reaction
At the time of writing, USD/JPY is adding 0.56% on the day to trade at 143.54.