Japan's Ministry of Finance plans to designate 12 brokerages to help find overseas buyers for Japanese Government Bonds (JGBs), according to Nikkei. This move comes as the Bank of Japan (BOJ) steps back from its bond-buying program, causing jitters about the future of its rate policy. The brokerages expected to be included in the list are SMBC Nikko Securities and Mizuho Securities. The initiative aims to market JGBs abroad, tapping into international investment to support Japan's financial stability.