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.

By Admin

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