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.
Bonds
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)
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