Japan plans to reduce the issuance of ultra-long-term government bonds in fiscal year 2026.

Japan plans to reduce government bond issuance for the fiscal year starting in April, with a focus on decreasing the issuance of super long-term bonds. Japan's Ministry of Finance announced on Friday that the total amount of government bonds issued to institutional investors through auctions will be 168.5 trillion yen, a decrease of 3.8 trillion yen from the initial plan for the previous fiscal year. According to the preliminary budget, the total issuance of 20-year, 30-year, and 40-year national bonds will decrease by 7.2 trillion yen to 17.4 trillion yen, bringing the issuance of super long-term bonds to the lowest level since 2009. The issuance of 10-year bonds will remain unchanged, while the issuance of 2-year and 5-year bonds will increase.