Content: Part I, headed “F Y 2 0 1 6 Debt Management Policies,” discusses the recent trends in the JGB market, as well as various latest policies, specifically in relation to the JGB Issuance Plan for this fiscal year. Particularly, the part has three new columns to describe “Quantitative and qualitative Monetary Easing with a Negative Interest Rate,” “Widening of Negative Basis Swap Spread” and “ Approach on Average Maturity of JGBs (Flow and Stock Bases).”
Part II , headed “Framework,” concerns itself with the fundamental mechanism of public debts and debt management policy in general.
Lastly, Part III, the “Appendices,” lists all materials that did not fit into the previous part; this section should be used with reference to Part II “ Framework.”
In this latest report as well, a lot of cross-references are provided, including some that link Part II “Framework” with Part III “ Appendices” so that readers will be able to quickly access the information that they want.