The Japanese ministry of finance conducted a successful auction of inflation-indexed Japanese government bonds (JGBi) today, the first since discontinuing linker issuance in 2009.
The JGBi programme began in March 2004 but failed to elicit a good strong response from investors during the country's deflationary recent past. The programme was discontinued in 2009 with the ministry of finance continuing to buy linkers to remove them from the market as recently as last year.
The government reversed
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