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	2025-06	2025-09	2025-12	2026-03	2026-06	Share (%)
Central bank (BOJ)	¥537.8T	¥522.2T	¥503T	¥485.4T	¥470T	46.7
Depository corporations	¥127.8T	¥129.9T	¥132.7T	¥135.1T	¥143.3T	14.2
Insurance & pension funds	¥208T	¥202T	¥193.8T	¥187.7T	¥184.3T	18.3
General government	¥67.1T	¥71.5T	¥75.4T	¥76.1T	¥80.4T	8.0
o/w public pensions	¥63.2T	¥67.7T	¥71.5T	¥72.3T	¥76.6T	7.6
Households	¥17T	¥17.7T	¥18.4T	¥20T	¥21.9T	2.2
Overseas	¥73.6T	¥73.7T	¥75.7T	¥80.2T	¥79.9T	7.9
Total	¥1,056T	¥1,044.7T	¥1,026.2T	¥1,013.8T	¥1,006.5T	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.