Bbg carrying a story from sources close to discussions and who have asked to remain anonymous

  • JPY 37trln in new JGBs to be issued to fund fiscal year 2015
  • planned new issuance for the current fiscal year ending March 31 is JPY 41.25trln
  • total issuance for FY2015, including bonds to fund rollover of existing debt, to be more than JPY 170trln
  • JGB issuance for calendar year 2015 likely to be less than JPY 155trln
  • MOF expects tax revenue of JPY 54.5trln in FY2015

Bbg also reports here though that the Asahi newspaper carried a similar story earlier which reported that the MOF plans to reduce new JGB issuance to JPY36-37trln in FY2015, so the latest leaks are not exactly new

USDJPY 118.96 after holding 118.80