This balance sheet has cash of 100 (= BOJ notes circulating in the market), government deposits of 50, reserves of 350 on the liability side, and the total 500 is supporting the government bonds
of 500 on the asset side.
The contractionary effect of the oil price increases ushered in a period of sizable government deficits, which resulted in a buildup in the outstanding stock of Japanese government bonds
. Outstanding government debt rose as a percentage of GNP from 5 percent in the early 1970s to 40 percent in the early 1980s.
In its five-year bond auction, the Treasury sold nominal 1.378 billion TL and net 1.389 billion TL of government bonds
Takenaka did not elaborate the idea, but he was believed thinking of government bonds
similar to convertible bonds issued by private corporations.
According to international practice, Government bonds
play two basic roles: Firstly, Government bonds
are debt instruments to mobilize capital to offset state budget overspending, repayment of principal debts, and restructuring Government debt.
In its program announced last Thursday, the BOJ plans to buy a total of 6.2 trillion yen worth of government bonds
with maturities of over five years in five rounds of market operations this month, kicking off its asset buying binge to achieve a 2 percent inflation target in two years.
A total of HK$4.0 billion 3-year Government Bonds
were offered today.
The South African Government Bond
Index has been included in the Citi World Government Bond
As of Friday, the central bank's government bond
holdings came to 80.97 trillion yen, surpassing the amount of outstanding BOJ notes at 80.79 trillion yen, the bank said.
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government, announces that a tender of 3-year Government Bonds
through the re-opening of existing 10-Year Government Bond
issue 10GB2108 under the Institutional Bond Issuance Programme was held (October 10).
The yield on the benchmark 10-year Japanese government bond
rose Friday morning as demand for safe-haven government bonds
waned following the weakening of the yen against the U.S.
The bank said that Greek government bonds
would be removed from the World Government Bond
Index, the EMU Government Bond
Index and the World Broad Investment-Grade Bond Index by the end of June.