Japan-Watching: Ministry of Finance, Japan

Preliminary determination of Anti-Dumping Duty Investigation of Nickel-added cold-rolled stainless steel coil, sheet, and strip originating in the People’s Republic of China and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu

  1. Upon receipt of an application from NIPPON STEEL CORPORATION [日本製鉄株式会社], Nippon Yakin Kogyo Co., Ltd. [日本冶金工業株式会社], NAS Stainless Steel Strip MFG. Co., Ltd. [ナス鋼帯株式会社の画像] and NIPPON KINZOKU CO., LTD. [日本金属株式会社] on May 12, 2025, the Ministry of Finance (MOF) [財務省] and the Ministry of Economy, Trade and Industry (METI) [経済産業省] began conducting an investigation since July 22, 2025, to determine whether or not to impose an anti-dumping duty on Nickel-added cold-rolled stainless-steel coil, sheet, and stripa originating in the People’s Republic of Chinab and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu.
    1. Note: An alloy steel containing 10.5% or more of chromium and containing by weight more than 0.6% nickel. The characteristics of this product are that it combines corrosion resistance, the functionality of steel, and a beautiful and clean design by manufacturing methods. Also, it is used in various fields of demand.
    2. Note: Excluding the regions of Hong Kong and Macau.
  2. MOF and METI have explored objective evidence collected from interested parties, including suppliers in the People’s Republic of China and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu, providing opportunities for them to present evidence and to express their views. As a result, MOF and METI today made a preliminary determination in the anti-dumping investigation of the product, presuming the fact of the importation of the dumped product and the fact of the material injury to the domestic industry caused by such importation. (Public Notice on June 19, 2026)

    MOF and METI will continue the investigation in accordance with the provisions of the international rules under the WTO Agreements and related domestic laws and regulations, providing the interested parties with an appropriate opportunity to present evidence and express their views relating to the preliminary determination.

    Following the further investigation, the Government of Japan will determine whether or not the product has been imported into Japan at dumped prices and if such dumped imports have caused material injury to the domestic industry, and make a decision whether or not to impose a definitive anti-dumping duty on the product.

    The interim report on preliminary determination offers details of the investigation.
Reference

Public Notice on June 19, 2026 [Archived PDF]

Interim report on preliminary determination [Archived PDF]

[Provisional Translation, June 19, 2026, Ministry of Finance, Ministry of Economy, Trade and Industry]

Extension of the Period of Investigation of Nickel-added cold-rolled stainless steel coil, sheet and strip originating in the People’s Republic of China and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu

  1. With regard to the Anti-Dumping Duty Investigation on Nickel-added cold-rolled stainless-steel coil, sheet, and stripa originating in the People’s Republic of Chinab and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu, the Ministry of Finance (MOF) [財務省] and the Ministry of Economy, Trade and Industry (METI) [経済産業省] have decided to extend the period of investigation by three months until September 21, 2026. The purpose of this extension is to carefully review the evidence and relevant documents submitted by interested parties, while ensuring full transparency and fairness throughout the investigation process.
    1. Note: An alloy steel containing 10.5% or more of chromium and containing by weight more than 0.6% nickel. The characteristics of this product are that it combines corrosion resistance, the functionality of steel, and a beautiful and clean design by manufacturing methods. Also, it is used in various fields of demand.
    2. Note: Excluding the regions of Hong Kong, China, and Macau, China.
  2. MOF and METI have been conducting the investigation since July 22, 2025. The investigation was to be concluded within one year, but the period can be extended by six months at most if it is found necessary for special reasons.
Reference

Notice of the Ministry of Finance Relating to the Extension of the Period of Investigation (No. 178, June 19, 2026) [Archived PDF]

[Provisional Translation, June 19, 2026, Ministry of Finance, Ministry of Economy, Trade and Industry]

Issues Re-opened through Liquidity Enhancement Auction on June 19, 2026

SecuritiesIssue NumbersRe-opened Amounts (billion yen face value)
10-Year363133.7
10-Year3648.4
10-Year36534.8
10-Year36927.7
10-Year37048.9
20-Year12875.1
20-Year129110.6
20-Year1329.0
20-Year1332.5
20-Year1364.9
20-Year14216.0
20-Year1436.8
20-Year1532.0
20-Year1549.9
20-Year1590.7
30-Year65.0
30-Year70.1
30-Year135.0
30-Year140.1
30-Year1514.1
30-Year160.2
30-Year1725.6
30-Year194.9
30-Year2053.0
30-Year238.6
30-Year2432.4
30-Year268.9

Result of Liquidity Enhancement Auction on June 19, 2026 (For JGB Market Special Participants)

Auction DateIssue DateAmounts of Competitive Bids (billion yen)Amounts of Bids Accepted (billion yen)Highest Accepted Spread*Allotment for Bids at the Highest Accepted SpreadAverage Accepted Spread*
6/196/221,897.8648.9+0.020%98.6666%+0.016%
Note

These columns indicate the spreads from the reference rate.

Auction Result of Treasury Discount Bills on June 19, 2026

Issue NumberAuction DateIssue DateMaturity DateAmounts of Compet. Bids (billion yen)Amounts of Bids Accepted (billion yen)Lowest Accepted Price (per 100 yen)Yield at the Lowest Accepted PriceAllotment for Bids at the Lowest Accepted PriceWeighted Average Price (per 100 yen)Yield at the Average PriceAmounts of Non-price compet. Auction Ⅰ* (billion yen)
13896/196/229/249,637.503,150.3899.76300.9224%79.2411%99.76600.9107%949.60
Note

For JGB Market Special Participants.

Interest Rate (June 2026)

Date1Y2Y3Y4Y5Y6Y7Y8Y9Y10Y15Y20Y25Y30Y40Y
6/11.123%1.4%1.558%1.775%1.948%2.094%2.243%2.397%2.538%2.682%3.225%3.567%3.871%3.863%3.8%
6/21.114%1.38%1.522%1.722%1.889%2.019%2.157%2.31%2.447%2.577%3.141%3.493%3.801%3.81%3.742%
6/31.126%1.401%1.56%1.767%1.943%2.077%2.219%2.373%2.508%2.645%3.183%3.521%3.817%3.817%3.748%
6/41.148%1.417%1.579%1.787%1.966%2.105%2.242%2.395%2.535%2.671%3.225%3.554%3.835%3.833%3.749%
6/51.14%1.412%1.574%1.778%1.955%2.096%2.233%2.391%2.532%2.669%3.222%3.551%3.838%3.841%3.753%
6/81.144%1.42%1.588%1.793%1.978%2.128%2.274%2.432%2.575%2.715%3.269%3.604%3.878%3.876%3.789%
6/91.146%1.42%1.582%1.784%1.962%2.101%2.242%2.398%2.537%2.669%3.217%3.543%3.824%3.823%3.759%
6/10%1.147%1.426%1.594%1.796%1.971%2.112%2.257%2.412%2.549%2.681%3.218%3.538%3.806%3.811%3.739%
6/111.149%1.427%1.592%1.792%1.963%2.108%2.258%2.411%2.551%2.682%3.23%3.554%3.821%3.823%3.774%
6/121.15%1.417%1.579%1.772%1.938%2.077%2.218%2.373%2.511%2.643%3.189%3.508%3.77%3.767%3.713%
6/151.141%1.409%1.556%1.743%1.901%2.039%2.175%2.322%2.46%2.589%3.143%3.461%3.73%3.725%3.674%
6/161.147%1.414%1.585%1.783%1.945%2.084%2.227%2.382%2.522%2.655%3.206%3.52%3.763%3.747%3.692%
6/171.139%1.398%1.552%1.745%1.897%2.034%2.182%2.335%2.479%2.613%3.17%3.49%3.741%3.709%3.654%
6/181.146%1.4%1.553%1.746%1.898%2.045%2.193%2.353%2.497%2.628%3.19%3.512%3.765%3.737%3.68%

Treasury Discount Bills to Be Auctioned on June 26, 2026

1. Auction Date:June 26, 2026
2. Issue Date:June 29, 2026
3. Maturity Date:September 28, 2026
4. Offering Amount:About 4,100 billion yen
5. Others:The above offering amount may be changed. In such a case, the revised amount will be announced on the day before the auction date.

[Provisional Translation, June 19, 2026, Ministry of Finance]

Japan-Watching: Ministry of Foreign Affairs of Japan

First Meeting of the Study Group on Strengthening Japan-Africa Economic Partnership

At TICAD 9 held last August, Mr. ISHIBA Shigeru (石破 茂), then Prime Minister of Japan, announced the establishment of the “Study Group on Strengthening JapanAfrica Economic Partnership” as one of the concrete initiatives of the Japanese Government’s policy on Africa. The first meeting of this study group is scheduled for June 18 in a hybrid format.

Under the framework of a “Free and Open Indo-Pacific (FOIP)”, this study group will address African economic integration, a top priority for the African Union (AU). Through strengthening economic cooperation between Japan and Africa, the study group aims to support business expansion of Japanese companies in the African market. To this end, the study group will discuss various topics including measures to promote regional economic integration in Africa, review of trade and investment between Japan and Africa, and the strengthening of economic relations between Japan and Africa. The study group will prepare a report by the end of the fiscal year 2027, which will be submitted to the Minister for Foreign Affairs.

(Reference 1) Japanese Members

Prof. WATANABE Yorizumi (渡邊 頼純), Professor Emeritus, Keio University; Dr. KIMURA Fukunari (木村 福成), President, JETRO Asian Economic Research Institute; Mr. FUJITA Ryoji (藤田 亮二), Executive Officer, Toyota Tsusho Corporation (Representative from Keidanren); WATANABE Tatsuro (渡邉 達郎), Managing Executive Officer, Mitsui O.S.K. Lines (Representative from Keizai Doyukai); IGARASHI Katsuya (五十嵐 克也), Director and Head of International Department, the Japan Chamber of Commerce and Industry; and representatives from the Ministry of Foreign Affairs, Ministry of Finance, Ministry of Agriculture, Forestry and Fisheries, and Ministry of Economy, Trade and Industry.

(Reference 2) African Members

Mr. Lacina Koné, Director General and CEO, Smart Africa Alliance; Mr. Kulekani Mathe, CEO, Business Unity South Africa (BUSA); Dr. E. Olawale Ogunkola, Professor of Economics, University of Ibadan, Nigeria; and representatives from the United Nations Economic Commission for Africa (UNECA), the African Continental Free Trade Area (AfCFTA) Secretariat, and the African Union Commission (AUC).

(Note) In addition, relevant Ministries, agencies, and individuals with expertise are expected to attend depending on the agenda.

(Reference 3) Attachment

Establishment of the Study Group on Strengthening Japan-Africa Economic Partnership [Archived PDF]

G7 Evian Summit

Working Session on “Reviving a Balanced, Shared and Sustainable Economic Growth”

On June 17, commencing at 10:30 a.m. (local time. 5:30 p.m. on June 17, Japan time.) for approximately 120 minutes, Ms. TAKAICHI Sanae (高市 早苗), Prime Minister of Japan, attended the G7 Evian Summit Working Session on “Reviving balanced, inclusive, and sustainable economic growth for the benefit of all”. The overview of the session is as follows.

  1. Prime Minister TAKAICHI stated that the G7 and like-minded countries should maintain close communication to reduce uncertainty in the global economy.
    Prime Minister TAKAICHI also stated that it is a common challenge for many countries to promote self-sustaining growth, by addressing non-market policies and practices (NMPPs) and the resulting excess capacity which are drivers of widening global imbalances.
  2. Furthermore, Prime Minister TAKAICHI stated that G7 members and the countries participating in this session should also demonstrate their contribution to reducing imbalances for their own balanced growth as well as for the stability of the global economy and financial markets. Prime Minister TAKAICHI added that making use of data-driven, objective analyses and policy advice by the IMF and the OECD is extremely beneficial in advancing these efforts.
  3. Prime Minister TAKAICHI expressed her hope that the G7 and like-minded countries would lead the global economy through frank discussions. She also stated that she looked forward to discussions at the G20, chaired by President Donald Trump of the United States, on reducing uncertainty in the global economy and becoming stronger and more prosperous together.

Situation in Iran (Signing of a Memorandum of Understanding between the United States and Iran)

(Message from Foreign Minister MOTEGI Toshimitsu [茂木 敏充])

On June 18 (Japan Standard Time), the United States and Iran signed a Memorandum of Understanding and the cessation of hostilities was declared. Japan once again welcomes the fruition of the diplomatic efforts made by the parties as well as the countries that played a role in mediation.

Hereafter, it is important that free and safe navigation through the Strait of Hormuz is swiftly reestablished through the steady implementation of this MoU by all parties. Japan also considers it of critical importance that vessels be able to transit the Strait of Hormuz without being subject to additional costs, as has been the case thus far.

Japan strongly hopes that a final agreement on matters such as Iran’s nuclear issue will be achieved as soon as possible through further negotiations between the United States and Iran. Japan will also support the peaceful resolution of the Iranian nuclear issue including through coordination with the International Atomic Energy Agency (IAEA).

After the conclusion of a final agreement, Japan intends to play an active role in the reconstruction and recovery of the region. Japan will also continue to make every diplomatic effort, in close coordination with the international community, toward the realization of peace and stability throughout the Middle East region.

Parliamentary Vice-Minister for Foreign Affairs ERI’s Visit to the United States

From June 21 to June 24, Ms. ERI Arfiya (英利 アルフィヤ), Parliamentary Vice-Minister for Foreign Affairs of Japan, will visit New York, United States.

During her visit, Parliamentary Vice-Minister ERI will attend the United Nations General Assembly High-Level Meeting on HIV/AIDS and deliver a statement in the meeting. She will also hold meetings with representatives of international organizations.

(Reference) Schedule
June 21Departure from Tokyo
 Arrival at New York
June 22Participation in the United Nations General Assembly High-Level Meeting on HIV/AIDS, etc.
June 23Meetings with representatives of international organizations, etc.
 Departure from New York
June 24Arrival at Tokyo

The 7th Japan-Australia Cyber Policy Dialogue

On June 18, the 7th JapanAustralia Cyber Policy Dialogue was held in Tokyo, Japan.

  1. This whole-of-government meeting was co-chaired by Mr. MIYAKE Fumito (三宅 史人), Ambassador in charge of Cyber Policy and Deputy Director-General of the Foreign Policy Bureau, Ministry of Foreign Affairs (MOFA) of Japan, and Ms. Jessica Hunter, Ambassador for Cyber Affairs and Critical Technology, Department of Foreign Affairs and Trade (DFAT), Australia, with the participation of officials from, on the Japanese side, MOFA, National Cybersecurity Office (NCO), National Police Agency (NPA), Ministry of Defense (MOD), Ministry of Internal Affairs and Communications (MIC) and Ministry of Economy, Trade and Industry (METI), and on the Australian side, DFAT, Department of Industry and Australian Signals Directorate (ASD)’s Australian Cyber Security Centre (ACSC) and Department of Home Affairs (DHA).
  2. At this dialogue, following the enactment of Japan’s Cyber Response Capability Strengthening Act and Necessary Arrangement of Relevant Acts last year, as well as the adoption of its new Cybersecurity Strategy, the two sides exchanged views on broad range of topics, such as each country’s respective cybersecurity strategy and policy, and cooperation at both the bilateral and multilateral levels.
  3. Furthermore, building on the “JapanAustralia Strategic Cyber Partnership” which Ms. TAKAICHI Sanae (高市 早苗), Prime Minister of Japan and the Hon. Anthony Albanese, Prime Minister of Australia concurred on launching at the JapanAustralia Summit Meeting in May of this year, the two sides exchanged views on efforts and cooperation in a wide range of areas including the defense and deterrence of cyber threats, capacity-building, public-private partnerships, and artificial intelligence (AI) and cybersecurity.
  4. Both sides confirmed that they will continue to work closely together in the field of cyber, including through the JapanAustralia Cyber Policy Dialogue.

[from the Ministry of Foreign Affairs of Japan, 18-19 June, 2026]

Economic-Watching: Japanese Ministry of Finance Info, July 2024

[from the Ministry of Finance, Japan]

Interest Rates (July 17, 2024)

Date1Y2Y3Y4Y5Y6Y7Y8Y9Y10Y15Y20Y25Y3oY40Y
7/10.1750.360.390.4920.6150.6620.7620.8620.9621.0831.5491.8732.0582.1632.351
7/20.1760.3650.4010.5080.630.6790.7860.890.9851.1041.5731.8942.0752.1742.352
7/30.1660.350.3910.4930.6130.6640.7780.8860.9841.11.5791.9082.0882.1852.364
7/40.1480.340.3820.4820.5990.6450.7540.8630.9671.0861.5711.9082.0922.1882.364
7/50.1480.3460.3820.4830.5980.6350.7450.850.9581.0721.5661.9022.0982.22.379
7/80.150.3620.3980.4990.6160.6550.7640.8690.9741.0921.5761.9072.0992.22.385
7/90.140.3530.3910.4840.610.640.7480.8560.961.0791.5731.9112.1032.2052.398
7/100.1310.3430.3870.480.6050.6490.7560.8650.9691.0931.5861.9242.1152.222.415
7/110.1310.3430.3920.4850.6110.6540.7560.8640.9691.0891.5851.9122.1122.2212.419
7/120.1220.3330.3780.470.5860.6240.7230.8310.9361.0551.5391.8732.0732.1772.387
7/160.1110.320.3630.4560.5660.6060.7050.8090.9141.0321.5241.862.0612.1682.375
7/170.1150.330.3740.4670.5770.620.720.8240.9241.0421.5281.8612.0552.1732.376
[download CSV]

Announcement of 40-year Japanese Government Bonds to Be Issued in July 2024

[Provisional Translation]

July 17, 2024

Ministry of Finance

  1. Auction Date: July 24, 2024
  2. Issue Date: July 25, 2024
  3. Maturity Date: March 20, 2064
  4. Offering Amount: About 700 billion yen

* 40-year Japanese Government Bonds to be issued in July will be a reopening issue of the May 2024 issue. The auction method is Dutch-style-yield-competitive auction at intervals of 0.5bp.

JGB Monthly Newsletter (July 2024)

Read the full newsletter (in English) [archived PDF]