The Japanese government is looking to mobilize a portion of the nation's $7 trillion pile of household savings to create fresh demand for its bonds. The Japanese government is formulating a strategy to tap into the nation's massive $7 trillion household savings pile, seeking to channel a portion into domestic government bonds (JGBs). This initiative aims to cultivate fresh bond demand from individual investors as the country grapples with a mounting public debt burden and the Bank of Japan's gradual shift from its ultra-loose monetary policy. The plan represents a critical effort to secure stable, domestic funding for the world's most indebted major economy by incentivizing a shift from low-yield bank deposits to sovereign debt. This policy initiative contrasts with decades of reliance on the Bank of Japan (BOJ) as the primary buyer of government bonds. The strategy represents a structural funding shift towards retail investors. Designing attractive retail bond products with tax incentives is the critical deliverable for the Ministry of Finance. This matters because successfully mobiliz...