Japan’s Ministry of Finance will sell about 250 billion yen of five year Climate Transition JGBs next month, the ministry announced on October 26. The auction is set for November 2, 2026, with issue on November 4 and maturity on September 20, 2031, under a Dutch style yield competitive auction at intervals of 0.1 basis points.
The sale is routine in size and deliberate in form. Climate Transition JGBs are a labelled programme inside Japan’s regular funding calendar, sold through the same auction machinery as conventional bonds, so the programme’s cost shows up directly as the yield difference, if any, against the conventional five year sector on the day.
The announcement lands in a week when Japanese official paper is doing unusual work in this site’s coverage: the same ministry enacted definitive anti-dumping duties on Chinese and Taiwanese stainless steel on Tuesday, covered in today’s commodities file. For rates, the calendar item to watch is the November 2 result, where the bid to cover and the tail against the when issued level will say whether labelled demand is still paying a premium for the climate tag.