Japanese financial assets by maturity at end-September 2025
The Bank of Japan released data on loans, debt securities, and deposits by maturity as of end-September 2025. The statistics provide a detailed breakdown of financial instruments held by various sectors.
Loans and deposits by maturity
The Bank of Japan's latest statistics, covering the period up to end-September 2025, detail the maturity structure of loans, debt securities, and deposits across various financial sectors.
Total loans outstanding, classified as assets, reached 9,503,582 hundred million yen, with the majority, 7,347,648 hundred million yen, having a remaining maturity of more than one year.
Depository corporations held the largest share of these loans.
On the liabilities side, deposits were significantly higher, totaling 16,566,687 hundred million yen, primarily held by depository corporations.
The data also provides a breakdown of interest types for loans, showing a strong preference for variable interest rates in longer-term loans among domestically licensed banks.
This comprehensive overview highlights the prevailing long-term nature of financial assets and liabilities in the Japanese financial system.
Debt markets: Holdings and issuance
Domestic debt securities amounted to 2,823,591 hundred million yen by holding sector, with depository corporations and insurance companies being the primary holders.
Government bonds and treasury bills constituted a significant portion of these holdings, especially for maturities exceeding one year.
The data further distinguishes between remaining and original maturities, offering insights into market liquidity and refinancing risks.
Foreign debt securities, though smaller in volume at 850,033 hundred million yen, also show a predominant long-term maturity profile.
The statistics on issuing sectors reveal that the general government is the largest issuer of domestic debt securities, underscoring its central role in the Japanese bond market.
Stability in maturity structures
This detailed maturity breakdown offers crucial insights into the structural stability of Japan's financial system.
The dominance of long-term maturities for both assets and liabilities suggests a well-anchored financial landscape, reducing short-term refinancing risks.
While the data is purely descriptive, it implicitly supports a cautious outlook on any rapid shifts in monetary policy, given the embedded long-term commitments.