Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters

According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”

Additional takeaways

Japan may reassess primary balance target year as needed amid uncertain impact from the US tariff measures.

Japan government to aim to achieve primary balance surplus as early as possible during fiscal years 2025 to 2026.

Market reaction

At the press time, the Japanese Yen (JPY) fails to benefit from these headlines, as USD/JPY adds 0.30% on the day to 143.15.