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) |
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(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) |
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(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 |
- |
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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 | |||||||||||||||||||
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Non-price Competitive |
- |
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 |
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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 | |||||||||||||||||||
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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. |
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2. Government-guaranteed Bonds |
(Billion yen) |
PlannedIssuance for FY2005 Initial Budget (a) |
PlannedIssuance for FY2005 Revised Budget (b) |
PlannedIssuance for FY2006 Initial Budget (c) |
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(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. |