Japan Seeks ¥60-70 Trillion in New JGB Buyers as BOJ Pullback Looms

Japan’s Finance Minister Takao Kato said the government is seeking fresh investors for ¥60–70 trillion (US$380–440 billion) of Japanese Government Bonds as the Bank of Japan winds down its bond-purchase programme. Kato told reporters on 28 July that the issuance schedule will be continuously adjusted to match market conditions, underscoring the need to secure demand beyond the central bank in order to keep borrowing costs stable. Kato added that Tokyo will consider broader economic measures in response to recently imposed 15% US tariffs and has reinforced with international counterpart Bessent that currency values should remain market-driven and free from excessive swings. His comments follow Deputy Chief Cabinet Secretary Hiroaki Aoki’s warnings earlier this month that speculative movements in the foreign-exchange market threaten to push the yen away from levels justified by economic fundamentals. Aoki said stable currency moves are essential for households and for the smooth placement of government debt.