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Debt Management Report 2021

Debt Management Report 2021

The JGB market entered FY2020 amid turmoil that started in March 2020 due to the global spread of COVID-19. In the April-June quarter, yields on super long-term JGBs among others rose slightly as the market turmoil from the COVID-19 pandemic calmed down and the government decided to increase JGB issuance under two supplementary budgets. From July through December, yields remained stuck in a narrow range.[…]