Government and corporate debt securities that are issued locally use the International Securities Identification Numbers (ISIN) coding scheme.

Major US Dollar Issues

Corporate issuers—including Bank of Tokyo-Mitsubishi Ltd., UFJ BANK LTD, and Mizuho Financial Group, Inc.—dominate major issues in the US dollar market. Japanese government issuances in the US dollar market are primarily from the Japan Bank for International Cooperation (JBIC).

Government and Corporate

For government bonds, 10-year Japanese Government Bonds (JGBs) provide the benchmark for all JPY-denominated government bond issuance.

Size & Composition

The Japan Securities Dealers Association (JSDA) and Bank of Japan (BOJ) compile a list of outstanding government and corporate bonds. The Ministry of Finance (MOF) also provides historical statistics on outstanding bonds and outstanding Separate Trading of Registered Interest and Principal of Securities (STRIPS). The relevant links to MOF’s website are provided below.

MOF provides quarterly time-to-maturity structure of outstanding Japanese Government Bonds (JGBs). The data covers treasury bills; 10-year inflation-indexed bonds; JGBs for individual investors; 15-year floating-rate bonds; and 2-, 5-, 6-, 10-, 20-, and 30-year bonds. A breakdown of JGB holders by investor group can be obtained from MOF’s Guide to Japanese Government Bonds and the Quarterly Newsletter.

Over-the-Counter Market

The trading volume of local currency government and corporate bonds transacted in secondary markets is available at the Japan Securities Dealers Association (JSDA) website, which is linked below.

Information on the trading of interest-bearing Japanese Government Bonds (JGB) is available from the Bank of Japan (BOJ) website, while international transactions are documented at the Ministry of Finance (MOF) website. Projected JGB issuance for the current year is also available at the MOF website. The relevant links are provided below.

Exchange Market

The trading volume of government and corporate bonds transacted on the Tokyo Stock Exchange (TSE) can be obtained by following the link to the TSE website provided below. Daily, monthly, and yearly data are available.

Prices and Yields

Yields on local currency benchmark Japanese Government Bonds (JGBs) are available at the Bank of Japan (BOJ) website, which is linked below.

Bond prices quoted on the Tokyo Stock Exchange (TSE) are also available by following the link provided below.