At the first meeting of the Study Group on Putting Government Bonds on Blockchain, Japan’s Ministry of Finance outlined three pathways for tokenizing government bonds and plans to compile a report by 2027 January.
According to the information provided, Japan’s Ministry of Finance announced the establishment of a study group to examine the feasibility of real-time settlement for government bond transactions. The first meeting is scheduled to be held on October 8, with plans to organize the key issues by the end of the year.
Japan 40-year government bond auction bid-to-cover ratio rises to 3.1, the strongest since 2020; Japanese government bond futures continued to rise after the auction.
The report stated that Japan's bond market weakened alongside U.S. Treasuries after the holiday, and 10-year Japanese government bond yields rose to 3.075%, the highest level since 1996 years ago.August a new high since