Highlights of FY2020 JGB Issuance Plan:

-  Newly-issued bonds will decline by 0.1 trillion yen from the figure for FY2019(initial). FILP bonds will remain at the same amount and Refunding bonds will increase by 4.8 trillion yen. The total JGB issuance amount for FY2020 will be 153.5 trillion yen, with a rise of 4.7 trillion yen compared with FY2019(initial).

-   Market issuance by normal auctions will decrease by 0.6 trillion yen from that of FY2019(initial) to 128.8 trillion yen. Issuance amounts by maturity type will increase in the 40-year zone, based on the current low interest rate and the market needs. On the other hand, the amount of Liquidity enhancement auctions will decline in the 5-15.5 year zone, considering the weakened demand.[…]