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Planned Bond Issuance for FY2006

Planned  Bond  Issuance  for  FY2006

1.  Japanese Government Bonds          
<Breakdown by Funding Purpose>        

(Billion yen)

  PlannedIssuance
for FY2005
Initial Budget
( a )
PlannedIssuance
for FY2005
Revised Budget
(b)
  Planned Issuance
for FY2006
Initial Budget
(c)
 
(b)-(a) (c)-(a)
  New Financial Resource Bonds 34,390.0

33,469.0

▲ 921.0

29,973.0 ▲ 4,417.0
   Construction Bonds 6,180.0 7,762.0 1,582.0 5,484.0 ▲ 696.0
 Special Deficit-financing Bonds 28,210.0 25,707.0 ▲ 2,503.0 24,489.0 ▲ 3,721.0
  Refunding Bonds 103,815.1 105,624.5 1,809.4 108,262.1 4,447.0
  Fiscal Loan Bonds  31,300.0 28,250.0 ▲ 3,050.0 27,200.0 ▲ 4,100.0
   Public offering 12,000.0 12,000.0 12,000.0
 Transitional measures 19,300.0 16,250.0 ▲ 3,050.0 15,200.0 ▲ 4,100.0
TOTAL 169,505.1 167,343.5 ▲ 2,161.6 165,435.1 ▲ 4,070.0

<Breakdown by Issuance Methods and Maturity>
(Billion yen)
  PlannedIssuance
for FY2005
Initial Budget
( a )
PlannedIssuance
for FY2005
Revised Budget
(b)
  PlannedIssuance
for FY2006
Initial Budget
(c)
 
(b)-(a) (c)-(a)
    30-year Bonds 2,000.0 2,000.0 2,000.0
20-year Bonds 9,000.0 9,000.0 10,300.0 1,300.0
15-year Floating-rate Bonds 9,600.0 9,400.0 ▲ 200.0 9,100.0 ▲ 500.0
10-year Bonds 22,800.0 22,800.0 24,000.0 1,200.0
10-year Inflation-Indexed Bonds 2,000.0 2,000.0 2,000.0

5-year Bonds 24,000.0 24,000.0 25,200.0 1,200.0
2-year Bonds 20,400.0 20,400.0 21,600.0 1,200.0
Treasury Bills 29,961.5 29,859.5 ▲ 102.0 28,719.7 ▲ 1,241.8
Auction for
Enhanced-liquidity
600.0 600.0
SUBTOTAL 119,761.5 119,459.5 ▲ 302.0 123,519.7 3,758.2

Depleting Front-loaded Reserve

 

"Calendar Base" Market Issue

▲ 1,161.5

 

118,600.0

▲ 1,159.5

 

118,300.0

 

 

 ▲ 300.0

▲ 5,519.7

  

118,000.0

 

 

▲ 600.0

Non-price Competitive
                                   Auction ll

1,300.0

1,300.0 2,658.0 2,658.0
Amount to the Market

119,761.5

120,759.5

998.0

126,177.7

6,416.2

JGBs for Individual Investors

3,600.0 5,100.0 1,500.0 4,400.0 800.0
Total --Private Sector 123,361.5 125,859.5 2,498.0 130,577.7 7,216.2

 

Bank of Japan 23,043.6 21,434.0 ▲ 1,609.7 16,557.4 ▲ 6,486.2
Fiscal Loan Fund 1,000.0 1,000.0 ▲ 1,000.0
Fiscal Loan Bonds
(transitional measures)
19,300.0 16,250.0 ▲ 3,050.0 15,200.0 ▲ 4,100.0
        (Postal Savings) (12,300.0) (11,200.0) (▲ 1,100.0) (11,000.0) (▲ 1,300.0)
        (Pension Reserves) (5,200.0) (3,700.0) (▲ 1,500.0) (3,200.0) (▲ 2,000.0)
        (Postal Life Insurance) (1,800.0) (1,350.0) (▲ 450.0) (1,000.0) (▲ 800.0)
OTC sales at Post Offices 2,800.0 2,800.0 3,100.0 300.0
Total --Public Sector 46,143.6 41,484.0 ▲ 4,659.7 34,857.4 ▲ 11,286.2
TOTAL 169,505.1 167,343.5 ▲ 2,161.6 165,435.1 ▲ 4,070.0
Note 1: Figures may not sum up to the total because of rounding. 
2: The amount of buy-backs will be 3,750 billion yen in FY2005 (revised budget) (2,000 billion yen from the Bank of Japan, 1,000 billion yen from the Fiscal Loan Fund and 750 billion yen from the market), and will be 12,800 billion yen in FY2006 (5,500 billion yen from the Bank of Japan, 5,500 billion yen from the Fiscal Loan Fund and 1,800 billion yen from the market).
3: The limit of interest-rate swap transactions will be 300 billion yen on the basis of notional principal for FY2005, and will be 1,200 billion yen for FY2006.
4: "Non-price Competitive Auction ll" is estimated at 3% of the primary auction.
 

 
 

2.  Government-guaranteed Bonds
 
 
(Billion yen)
  PlannedIssuance
for FY2005
Initial Budget
(a)
PlannedIssuance
for FY2005
Revised Budget
(b)
  PlannedIssuance
for FY2006
Initial Budget
(c)
 
(b)-(a) (c)-(a)
30-year Bonds 30.0 30.0
20-year Bonds 50.0 50.0
15-year Bonds 200.0 200.0 310.0 110.0
10-year Bonds 3,552.9 3,552.9 3,278.9 ▲ 274.0
7-year Bonds 890.0 890.0 260.0 ▲ 630.0
6-year Bonds 80.0 80.0 70.0 ▲ 10.0
4-year Bonds 2,100.0 2,100.0 980.0 ▲ 1,120.0
3-year Bonds 200.0 200.0 ▲ 200.0
2-year Bonds 1,000.0 1,000.0 300.0 ▲ 700.0
TOTAL 8,022.9 8,022.9 5,278.9 ▲ 2,744.0
Note: Government-guaranteed foreign bonds are not included.