TOKYO, Dec 18 (Reuters) – Japan plans to problem a document quantity of presidency bonds within the subsequent fiscal 12 months starting in April 2021 from the present 12 months’s ranges to assist the federal government’s coronavirus efforts, two authorities officers with direct data of the matter stated on Friday.
The Ministry of Finance is ready to promote some 220 trillion yen ($2.13 trillion) of Japanese authorities bonds subsequent fiscal 12 months, versus this 12 months’s 212.3 trillion yen, the officers stated on situation of anonymity as they weren’t authorised to talk to media.
Of the general bond issuance, the ministry is planning to extend issuance of 40-year Japanese authorities bonds (JGBs) by 600 billion yen from the present fiscal 12 months to three.6 trillion yen, they stated.
Whereas treasury low cost invoice issuance will likely be trimmed by 4.4 trillion yen in fiscal 2021 from this monetary 12 months, JGB issuance with different maturities are prone to maintain regular, they stated.
$1 = 103.4400 yen Reporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto; Enhancing by Jacqueline Wong