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The day when the Bank of Japan can’t find enough bonds to buy is drawing closer.

State-owned Japan Post Bank Co. will probably offload about ¥10 trillion ($83 billion) of Japanese government bonds in the year started April 1, according to Bank of America Merrill Lynch. That compares with ¥19.6 trillion in sales last fiscal year. Parent Japan Post Holdings Co. cut JGB holdings 13 percent to ¥154.9 trillion last fiscal year and may be nearing the end of an asset reshuffle, Merrill estimates.

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