According to Jin10, two people familiar with the matter said Japan's Ministry of Finance plans to discuss next week with primary dealers a reduction in the size of liquidity-enhancement auctions for government bonds with maturities of 5 to 11 years. They said the Ministry of Finance is considering adjusting issuance sizes because the supply-demand balance in Japan's government bond market has improved as the Bank of Japan continues to reduce bond purchases, lowering demand for additional supply. If implemented, it would be the ministry's first cut to liquidity-enhancement auctions for this maturity range since the current mechanism was adjusted in April 2026. The Ministry of Finance is expected to finalize its issuance plan for the next quarter after communicating with the market later this month.