JGB Holders | JGB Information

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holders: JGB holders by category (annual, last 5 FY)

Holdings by Sector (Flow of Funds, quarterly)

Holder	2025-03	2025-06	2025-09	2025-12	2026-03	Share (%)
Central bank (BOJ)	¥545.6T	¥537.8T	¥522.2T	¥503T	¥485.4T	47.9
Depository corporations	¥126.5T	¥127.8T	¥129.9T	¥132.7T	¥133.3T	13.1
Insurance & pension funds	¥211.2T	¥208T	¥202T	¥193.8T	¥187T	18.4
General government	¥64.9T	¥67.1T	¥71.5T	¥75.4T	¥77.4T	7.6
o/w public pensions	¥62.5T	¥63.2T	¥67.7T	¥71.5T	¥73.4T	7.2
Households	¥15.9T	¥17T	¥17.7T	¥18.4T	¥20T	2.0
Overseas	¥66.1T	¥73.6T	¥73.7T	¥75.7T	¥82T	8.1
Total	¥1,054.7T	¥1,056T	¥1,044.7T	¥1,026.2T	¥1,013.8T	100.0

JGBs + FILP bonds (stock). Source: Bank of Japan, Flow of Funds.

BOJ Share History (%)

JGB Holders domestic bonds, annual

Holder	FY2020		FY2021		FY2022		FY2023		FY2024
	Amount	Share (%)	Amount	Share (%)	Amount	Share (%)	Amount	Share (%)	Amount	Share (%)
Government	¥200.8B	0.0	¥139.9B	0.0	¥123.8B	0.0	¥75.4B	0.0	¥29.2T	2.3
FILP Fund	—	—	—	—	—	—	—	—	¥1.2T	0.1
Debt Consolidation Fund	¥200.8B	0.0	¥139.9B	0.0	¥123.8B	0.0	¥75.4B	0.0	¥28T	2.2
Gov-affiliated agencies	¥5T	0.4	¥4.6T	0.4	¥4.3T	0.3	¥4.6T	0.4	¥13.3T	1.0
Financial institutions	¥599.5T	51.5	¥589T	49.5	¥608T	49.8	¥623.6T	49.9	¥606.1T	47.5
Bank of Japan	¥519.9T	44.6	¥514.5T	43.2	¥566.9T	46.4	¥577.4T	46.2	¥557.3T	43.6
Private financial institutions	¥79.6T	6.8	¥74.5T	6.3	¥41.1T	3.4	¥46.2T	3.7	¥48.8T	3.8
Others	¥559.7T	48.1	¥597.1T	50.1	¥608.5T	49.8	¥620.2T	49.7	¥628.1T	49.2
Total	¥1,164.5T	100.0	¥1,190.9T	100.0	¥1,220.9T	100.0	¥1,248.5T	100.0	¥1,276.7T	100.0

Composition (latest FY-end)

Holder

Share (%)

Government

0.0

Gov-affiliated agencies

0.0

Financial institutions

0.0

Others

0.0

Domestic bonds, JPY millions. Source: Ministry of Finance, JGB Statistical Annual Report.