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FSA panel member warns heavy redemptions could force a JGB fire-sale

By Hannah Collymore

A Financial Services Agency (FSA) study group member warned that a rush of stablecoin redemptions could force issuers to sell large amounts of Japanese government bonds. Meanwhile, the Bank of Japan (BOJ), which owns close to half of Japan’s bonds, is roughly $7 trillion in debt and is trimming its purchases. What…

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