Japan to reduce annual bond sales for 2016


(MENAFN) Japan's government intends to cut annual debt sales next year, increasing the view of zero yields on longer maturities debt market.

Moreover, investors will be offered USD 1.2tr of government securities, due to higher corporate tax incomes.

"A reduction in issuance and steady foreign buying may depress yields to near zero for maturities up to around seven years," said a rates strategist.

Among growing market concern about a limited availability of bonds the BOJ can buy to attain its inflation goal.


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