There are many types of Japanese Government Bonds (JGBs). The links below provide a detailed description of each bond type and use:

1. Samurai Bonds are JPY-denominated bonds issued by non-Japanese entities in the Japanese domestic market. The market was initially limited to government and semi-governmental issuers, although corporate multinationals now compose a part of the market. Market growth has slowed since the euro-yen market was launched.

2. Zaito Institution Bonds are issued by each Zaito Institution (public corporations participating in the government's fiscal investment and loan program) without government guarantee.

3. Inflation-indexed Bonds are debt securities where the principal payment amount is linked to the Consumer Price Index (CPI). These were first issued in March 2004.

4. Asset-backed securities issued by Japanese corporations cover a range of underlying assets, including real estate and housing loans, lease payments, auto and consumer loans, and shopping credits.

Financial instruments that rely on credit risk – where the creditworthiness of the borrower may change – are traded on the credit market. . Over the past few years, a broader range of instruments have boosted activity, particularly in the syndicated loan and securitization markets.

The Bank of Japan (BOJ) actively supports credit market growth, working with market participants to adapt the market to evolving needs. BOJ accepts asset-backed securities (ABSs), loans on deeds including syndicated loans, and dematerialized commercial paper as eligible collateral in its funds-supplying operations. It also compiles statistics and reports on credit market activity, including loans syndicated and loans transferred.