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- Japan's MOF to increase two-year governemnt bond issuance to fund stimulus – Reuters
Japan's MOF to increase two-year governemnt bond issuance to fund stimulus – Reuters
Japan's Ministry of Finance (MOF) is considering increasing two-year government bond issuance by 100 billion Japanese Yen (JPY) for Fiscal Year (FY) 2022/23, as well as increasing six-month Treasury discount bills, to fund economic stimulus, Reuters reported on Monday, reviewing a government draft document.
The draft document showed that the planned increment will bring the annual issuance of the 2-year bonds to JPY33.9 trillion for the current fiscal year ending next March, Reuters noted.
Market reaction
USDJPY seems to have picked up fresh bids on the above report, now trading back above 147.00, adding 0.39% on the day.
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