Japan to consider tweaking bond issuance plan, sources say
TOKYO :Japan's Ministry of Finance (MOF) will consider tweaking the composition of its bond programme for the current fiscal year, which could involve trimming the issuance of super-long bonds, two sources told Reuters on Tuesday.
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources who had direct knowledge of the plan said.
The plan comes amid recent rises in super-long bond yields to record levels, due largely to dwindling demand from traditional buyers like life insurers.
If the MOF were to reduce issuance of 20-, 30- or 40-year Japanese government bonds (JGB), it would likely increase issuance of shorter-dated debt instead, the sources said.
As such, the total planned size of JGB issuance for the current fiscal year that ends March 2026 will remain unchanged from 172.3 trillion yen ($1.21 trillion), they said.
($1 = 142.4000 yen)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
20 minutes ago
- CNA
Singaporean businessman David Yong from Netflix's Super Rich In Korea handed fresh charge
SINGAPORE: Businessman David Yong was on Tuesday (Jun 3) given a new charge over making offers of securities without a prospectus. Yong, the 38-year-old CEO of multinational business and holding company Evergreen Group Holdings, now faces a total of five charges, the police said. In the latest charge, which falls under the Securities and Futures Act 2001, the Singaporean, whose full name is Yong Khung Lin, is accused of consenting to the offering of promissory notes by Evergreen GH between July 2023 and July 2024. This offering allegedly did not comply with the requirements of the Act, which states that any offer of securities must be made in or accompanied by a prospectus that is lodged with and registered by the Monetary Authority of Singapore (MAS), unless an exemption has been granted. A total sum of more than S$61 million (US$45.1 million) was raised from the issuance of over 1,000 promissory notes that promised annual interest of 10 per cent, according to the police. If convicted of making offers of securities without a prospectus, he could face two years' jail, a fine of up to S$150,000 or both. As Yong's latest charge is amalgamated to account for all the promissory notes offered and issued, he may be liable to two times the amount of punishment if found guilty. Yong's four other charges involve abetting others to falsify papers belonging to Evergreen GH with intent to defraud. These relate to tax invoices over the sale of furniture, interior design services, or household fittings and appliances, and financial statements belonging to Evergreen GH. If convicted of abetting the falsification of invoices, he faces up to 10 years' jail, a fine, or both, for each charge. Yong is due in court for a pre-trial conference on Thursday. He was first charged on Aug 3, 2024 and has been out on bail of S$1 million. Yong has made three unsuccessful bids to leave Singapore. In March, he failed in his third bid, after a court deemed him a "serious flight risk". On Feb 19, Yong's second application to leave the country was rejected by District Judge Brenda Tan, who also presided over the hearing in March. In August last year, Yong's application to go to Japan was denied after the court deemed that his presence there was not necessary and that he had access to substantial funds there, increasing his flight risk. He has appeared on the Netflix show Super Rich in Korea, which showcases the lifestyles of extremely affluent people who set up base in Korea. In the show, Yong has said he is part of "Singapore's top 1 per cent super rich".
CNA
28 minutes ago
- CNA
Hegseth's speech overlooks the elephant in the room as tariff anxiety in ASEAN grows: Geopolitics expert
14:15 Min Paul Fraioli, Senior Fellow for Geopolitics and Strategy at IISS, joins CNA's Arnold Gay on the sidelines of the Shangri-la Dialogue to discuss key takeways from US Defense Secretary Pete Hegseth's speech and highlights the omission of any mention of rising tariffs on certain ASEAN members.
Straits Times
2 hours ago
- Straits Times
‘The Beautiful Game' falls for AI's charms
Vision's programme – which was used at last year's Copa America – was recently awarded Fifa certification. PHOTO: REUTERS PARIS – Sport has been unable to resist the surge of artificial intelligence and the biggest one of them all, football, is benefitting from data that AI can supply and the human eye cannot. Warsaw-based Vision, which says it is unique in gathering data by using AI, has two immediate goals – women's football and re-igniting Generation Z's interest in watching sports, their co-founder Pawel Osterreicher told AFP. The company – which numbers the South American football body Conmebol and their Central American counterparts Concacaf among its clients – is able to capture data from matches from just a single camera angle. This makes gathering data much cheaper, as players do not need to wear any technology, and there is no need for multiple cameras to capture the data, thanks to AI. Vision's programme – which was used at last year's Copa America – was recently awarded Fifa certification. Osterreicher says AI can provide data on aspects of football that humans cannot, such as acceleration, passing lanes, heat maps and zones of control. He said the data can help the 'Goliaths' as well as the 'Davids', just as it did by assisting in second-tier side Wisla Krakow's giantkilling exploits on their way to lifting the Polish Cup in 2024. However, despite this run of success the 36-year-old says he and his colleagues are not aiming for the men's World Cup or this year's men's World Club Cup. Instead they are targeting covering the inaugural women's World Club Cup in 2028, which fits in nicely with another of their aims, to halt the haemorrhage of Gen Z – people born from 1997 to 2012 – watching sports. 'What we see right now in the sports market in general is that women's sport grows at a much faster pace,' he said. 'Of course, from a lower base, but a much faster pace than men's sport. 'You can argue that men's is saturated. But one of the best investment opportunities and development opportunities in sports are currently women's franchises, women's sport and all the media around it.' Osterreicher says this could be a way to reboot the interest of younger viewers 'who are flocking away'. The young 'expect to get excited immediately... I have five seconds and if not, I'm swiping away'. 'So women's sport is also potentially an opportunity for sport to attract younger audiences because maybe it's just too boring just to watch all the same setups, all the same guys,' he said. 'So lots of investment is being directed in women's sports and from our perspective as well. 'We're agnostic. Human is a human. We capture data on humans, not on particular genders. But definitely, more and more customers are asking us to just cover women's leagues.' Osterreicher – who along with his colleagues set up the company five years ago – says he is a 'realist', adding not everyone should use the technology as it is a 'complex thing, it requires certain resources'. Nevertheless Wisla's Cup victory showed that you 'can do more with less'. 'You can have a smaller team wisely using technology and then beating the big guys,' he said. While this technology is already tried and tested, Osterreicher and his team are months away from dealing another card to try and claw back the young audience, whose loyalty has switched to TikTok, Netflix and other platforms. 'The way for sports to address it is to create content which is much more to their liking,' he said. 'So you can recreate a game in 3D, which is what we are planning to do. So imagine a legendary goal being scored, or any goal being scored, and you switch to a replay from player perspective. 'So we are potentially entering the world where sport needs to reinvent itself a little bit, change the way it's being served, in order to not lose those people to TikToks and the video games and mobile games of the world.' AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
