Media reports MoF sending out questionnaire regarding its JGB issuance plan
Key points
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MoF has apparently sent questionnaire regarding FY25 JGB issuance plan to wide range of JGB market participants
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We expect reduction in super-long JGB issuance via maturity adjustments in July at the earliest; reduction scale not clear at this juncture
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Government's fiscal stance also important for dispelling supply/demand concerns; as such, July Upper House election to attract even more attention
