Q4 2026 Long-Term JGB Purchase Schedule Updated
Overview
The Bank of Japan published its planned purchases of interest-bearing government bonds and inflation-indexed bonds for October–December 2026. For interest-bearing bonds, it lists offer amounts per operation and per month by remaining maturity, along with dates for October and November; the published monthly amounts total 23,000 hundred million yen. Amounts are indicative, and actual amounts should be confirmed in offer notices and related materials. The number of operations may change in response to market conditions. The December schedule is scheduled for release at 17:00 on November 30, and the schedule for January–March 2027 is scheduled for release at 17:00 on December 25.
Key points
- The schedule covers the Bank of Japan's long-term government bond purchases from October through December 2026, using the yield-competitive auction method.
- The published monthly offer amounts total 23,000 hundred million yen.
- The offer amount for each operation is indicative; confirm the actual amount in offer notices and related materials.
- The number of offers may change in response to market conditions and other factors, and amounts on unscheduled dates are not necessarily the amounts shown in the table.
Overview
The Bank of Japan's Financial Markets Department published its quarterly schedule for long-term government bond purchases. The schedule uses the yield-competitive auction method and gives offer amounts and dates for each remaining-maturity category.
Interest-bearing bonds include Climate Transition Interest-Bearing Japanese Government Bonds, but exclude inflation-indexed and floating-rate bonds. Inflation-indexed bonds are listed separately.
Details
Per-operation/monthly amounts for interest-bearing bonds are 1,000/1,000 hundred million yen for maturities of 1 year or less; 3,300/6,600 for over 1 year through 3 years; 2,900/5,800 for over 3 years through 5 years; 3,050/6,100 for over 5 years through 10 years; 850/1,700 for over 10 years through 25 years; and 750/1,500 for over 25 years. Inflation-indexed bonds: 300/300 hundred million yen.
Offer dates in October and November are: maturities of 1 year or less, October 7 and November 4; over 1 year through 3 years, October 7 and 21 and November 4 and 11; over 3 years through 5 years, October 16 and 28 and November 19 and 26; over 5 years through 10 years, October 21 and 28 and November 11 and 19; over 10 years through 25 years, October 7 and 16 and November 11 and 26; over 25 years, October 16 and 21 and November 4 and 19; inflation-indexed bonds, October 28 and November 26.
On days when the Ministry of Finance conducts government bond auctions, including liquidity-enhancement auctions, the Bank of Japan will in principle not announce offers for the relevant interest-bearing bond category when the remaining maturities of eligible bonds overlap with those covered by the auction.
The December 2026 schedule is scheduled for release at 17:00 on November 30, 2026. The quarterly schedule for January–March 2027 is scheduled for release at 17:00 on December 25, 2026.