Japan’s monetary policy makers are considering issuing 50-year government bonds to support long-term bond yields, a newspaper report said Tuesday, citing sources familiar with Japan’s Finance Ministry.
The report added that Japan does not have an immediate plan for the issuance of such bonds, but the Ministry of Finance is currently considering this idea, and extensive discussions with participants in the bond market three years ago, to consider the proposal to issue.
Japan’s finance minister said earlier that the government would prepare a financial package as soon as possible, and that the economic steps required would be decided after several discussions in the coming period.