As of December 2024, the Bank of Japan held 52 percent of outstanding Japanese Government Bonds (JGBs). While Japan's central bank held the largest share of JGBs, banks accounted for 12.7 percent of JGB holders.
Distribution of Japanese Government Bond (JGB) holders as of December 2024
excluding T-Bills maturing within one year or less
Supplementary notes
The statistic refers to the outstanding balance of Japanese government bonds, including FILP bonds and excluding treasury bills that mature within one year or less.
Banks includes Japan Post Bank, securities investment trusts, securities companies, etc. Insurance companies includes life and non-life insurance and mutual aid insurance.
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Ministry of Finance Japan. (April 17, 2025). Distribution of Japanese Government Bond (JGB) holders as of December 2024 [Graph]. In Statista. Retrieved April 21, 2025, from https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
Ministry of Finance Japan. "Distribution of Japanese Government Bond (JGB) holders as of December 2024." Chart. April 17, 2025. Statista. Accessed April 21, 2025. https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
Ministry of Finance Japan. (2025). Distribution of Japanese Government Bond (JGB) holders as of December 2024. Statista. Statista Inc.. Accessed: April 21, 2025. https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
Ministry of Finance Japan. "Distribution of Japanese Government Bond (Jgb) Holders as of December 2024." Statista, Statista Inc., 17 Apr 2025, https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
Ministry of Finance Japan, Distribution of Japanese Government Bond (JGB) holders as of December 2024 Statista, https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/ (last visited April 21, 2025)
Distribution of Japanese Government Bond (JGB) holders as of December 2024 [Graph], Ministry of Finance Japan, April 17, 2025. [Online]. Available: https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
