On the plus side of Japan hoovering up its own bonds...

Japanese government to cut the amount of bonds it auctions

Reuters was out with a story earlier that Japan is going to auction around ¥147tn in bonds next fiscal year. That’s down from this year’s ¥152.6tn. The drop in borrowing is due to rising tax revenues, says sources and would make it the third FY that they’ve cut debt through auctions

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