Location : HOME > Japanese Government Bonds > topics > press_release > Revises of the maximum amount of issuance through Non-Price Competitive

Press Release

March 27, 2017

Ministry of Finance

Revises of the maximum amount of issuance through Non-Price Competitive Auction I and Bidding Responsibility


1) Expansion of the maximum amount of issuance through Non-Price Competitive Auction I   

  • In auctions for JGBs (including Treasury Discount Bills) issued in and after July 2017, the maximum amount of issuance through Non-Price Competitive Auction I by JGB Market Special Participants shall be 20% of the planned issuance amount of the JGB (10% in the present scheme).

 

2) Raising of the Bidding Responsibility  

  • In every auction (except Non-price Competitive Auction II by JGB Market Special Participants) for JGBs (including Treasury Discount Bills) issued in and after July 2017, JGB Market Special Participants shall assume responsibility to bid for an adequate amount equal to 5% or more of the planned issuance amount of the JGB (4% or more in the present scheme) at reasonable prices.


【Note】Due to the above revises, the revisions of “Case Providing the Standard Set Forth by the Minister of Finance Prescribed in Article 5, Paragraph 2 of the Ministerial Ordinance on Issuance, etc. of National Government Bonds (MOF Public Notice No.313, July 9, 2004)” and “Principal Terms and Conditions for JGB Market Special Participants Scheme (July 9, 2004)” are scheduled to be implemented.


 

Contact

Financial Bureau
 Market Finance Division
  03-3581-4111(ext.5701)