Japan considers issuing 50-year bonds to.......>

JGBS: Japan considers issuing 50-year bonds to support yields (RTRS)

- Japanese policymakers are considering a 50-year government bond issue as a

long-term means of putting a floor under super-long interest rates, sources say.

Selling such bonds - a hot topic after Bank of Japan Governor Haruhiko Kuroda

commented on the idea this month - would allow the government to lock in cheap

long-term funding and give yield-starved investors higher returns. It could also

offer the BOJ a new tool for its "yield-curve control" (YCC) policy by helping

prevent excessive declines in super-long bond yields, which hurt returns of

pension funds. There no immediate plans to issue such bonds in Japan, but the

Ministry of Finance has long considered the idea, holding hearings with market

participants three years ago, a finance ministry official told Reuters.