Japan to cut superlong government bond sales amid record yields

Monthly issue of 20-year bonds to be reduced by over $1.3bn

Geopolitical pressures and the lack of demand on the market has raised yields on superlong Japanese government bonds to record levels. (Photo by Akira Kodaka)

YUKA FURUBAYASHI

June 21, 2025 02:11 JST

TOKYO -- Japan's Finance Ministry will reduce the issuance of superlong government bonds starting next month in response to record-high yields, taking the unusual step of revising its offering plan this early in the fiscal year.

During Friday's private meeting with primary dealers that take part in the auctions, the ministry proposed cutting the issuance of Japanese government bonds with maturities over 10 years.