Japan’s Ministry of Finance is considering issuing green transition bonds in the second half of next fiscal year from April, as part of plans to push climate change efforts, a top official said on Wednesday.
Japan plans to issue 1.6 trillion yen of such bonds in the fiscal year that ends April 2024, with an eye on those with maturity of 10 years and 20 years.
“It takes time for preparations for obtaining certification, ascertaining investor needs, and determining duration and other consideration, I think the timing for issuance will be in the latter half of next fiscal year,” Michio Saito, financial bureaus chief at the Ministry of Finance, told TV Tokyo.
The rare media appearance by a top bureaucrat comes amid growing public interest in the issue of debt management.
Saito said his ministry is seeking to extend the duration of government bond (JGB）holdings to correct heavy…
