随着通胀预期的上升,日本可能减少债券回购以缓解市场支持. Japan may reduce bond buybacks to ease market support as inflation expectations rise.

由于中东冲突等全球因素推动的通胀预期增加, 日本正在考虑在4月和6月将每月与通货膨胀相关的政府债券回购量从200亿日元降至150亿日币. Japan is considering cutting its monthly buybacks of inflation-linked government bonds from 20 billion yen to 15 billion yen in April and June, as rising inflation expectations—driven by global factors like the Middle East conflict—boost investor demand. 债券的收益率首次超过1.9%,使这些债券更具吸引力. The break-even inflation rate surpassed 1.9% for the first time, making these bonds more attractive. 虽然发行量将在5月保持稳定,达到2500亿日元,但计划中的减持表明政府市场支持减少了. While issuance will remain stable at 250 billion yen in May, the planned reduction signals a shift toward less government market support, reflecting improved market conditions since the bonds’ 2013 revival amid deflation-fighting efforts.