As of March 2024, the value of financial assets of the Japanese general government totaled approximately 883.4 trillion Japanese yen, of which about 317.4 trillion yen was outward investment in securities. Equity and investment fund shares amounted to over 221 trillion yen in the same period.

As of March 2024, the value of financial assets of the general government in Japan totaled approximately ***** trillion Japanese yen. The value increased from ***** trillion yen in the previous year.

Japan JP: Net Acquisition of Financial Assets: % of GDP data was reported at -0.035 % in 2017. This records an increase from the previous number of -1.431 % for 2016. Japan JP: Net Acquisition of Financial Assets: % of GDP data is updated yearly, averaging 0.281 % from Mar 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 6.535 % in 2004 and a record low of -3.202 % in 1999. Japan JP: Net Acquisition of Financial Assets: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Government Revenue, Expenditure and Finance. Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted average;

As of March 2024, the value of financial assets of the general government in Japan totaled approximately ***** trillion Japanese yen. Social security funds held around ***** trillion yen worth of financial assets.

Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Securities Other Than Shares data was reported at 14,347,048.332 JPY mn in 2017. This records an increase from the previous number of 13,521,291.863 JPY mn for 2016. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Securities Other Than Shares data is updated yearly, averaging 12,662,603.585 JPY mn from Mar 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 14,347,048.332 JPY mn in 2017 and a record low of 11,677,454.000 JPY mn in 2011. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Securities Other Than Shares data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Japan – Table JP.IMF.IFS: Government Finance: Cash Flow Statement: Annual.

Japan General Government: NFA: Other financial assets data was reported at 4,844.500 JPY bn in 2015. This records an increase from the previous number of 4,842.000 JPY bn for 2014. Japan General Government: NFA: Other financial assets data is updated yearly, averaging 4,842.000 JPY bn from Mar 1995 (Median) to 2015, with 21 observations. The data reached an all-time high of 26,316.500 JPY bn in 2004 and a record low of -5,306.100 JPY bn in 2011. Japan General Government: NFA: Other financial assets data remains active status in CEIC and is reported by Economic and Social Research Institute. The data is categorized under Global Database’s Japan – Table JP.F014: General Government: Operation Statement.

Graph and download economic data for Bank of Japan: Total Assets for Japan (JPNASSETS) from Apr 1998 to Jun 2025 about Japan, assets, banks, and depository institutions.

Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data was reported at 0.000 JPY mn in 2017. This stayed constant from the previous number of 0.000 JPY mn for 2016. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data is updated yearly, averaging 0.000 JPY mn from Mar 2011 (Median) to 2017, with 7 observations. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Instrument: Financial Derivatives data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Japan – Table JP.IMF.IFS: Government Finance: Cash Flow Statement: Annual.

As of March 2019, the value of financial assets held in the domestic sectors totaled around ***** trillion Japanese yen, a record high within the surveyed period. That year, the largest share of assets was managed by financial institutions, while general government assets were valued at about ***** trillion Japanese yen.

In 2014, the Japanese government introduced the Nippon Individual Savings Account (NISA) to encourage tax-exempt investment and asset accumulation. In January 2024, the NISA underwent significant restructuring to boost household savings in financial asset investments. Taking advantage of the launch of the revamped NISA, we analyzed data collected in late 2022 of 95,632 active investors in a leading securities company to explore their preferences in the previous NISA. Notably, investors exhibit a preference for installment NISA over ordinary NISA, indicating an inclination for long-term capital establishment through gradual investments in secure financial assets. Regression analysis reveals that installment NISA investors are typically female, older, married, or divorced, have lower educational qualifications, engage in part-time employment, have higher incomes, display risk aversion, maintain larger asset balances, and adopt long-term perspectives. By contrast, those favoring ordinary NISA tend to be male, young, married, and financially literate and to have lower incomes, higher asset balances, and shorter-term perspectives. This study advocates maintaining both NISA types, increasing the annual and total investment limits, and eliminating tax exemption periods. These measures would be advantageous for tax savings and capital formation. However, a robust financial education campaign is emphasized to encourage individuals to invest in financial assets, breaking the tradition of keeping funds idle.

Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Debtor: Monetary Gold and SDRs data was reported at 0.000 JPY mn in Mar 2018. This stayed constant from the previous number of 0.000 JPY mn for Dec 2017. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Debtor: Monetary Gold and SDRs data is updated quarterly, averaging 0.000 JPY mn from Dec 2010 (Median) to Mar 2018, with 30 observations. Japan JP: Budgetary Central Government: Net Acquisition of Financial Assets: by Debtor: Monetary Gold and SDRs data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Japan – Table JP.IMF.IFS: Government Finance: Cash Flow Statement: Quarterly.

As of 2014, the level of assets under management (AUM) by the Government Pension Investment Fund (GPIF) in Japan rested at 1.23 trillion U.S. dollars. This amount continued to increase before peaking in 2021, reaching 1.69 trillion U.S. dollars. As of 2023, the level of assets managed by the GPIFs rested at roughly 1.5 trillion U.S. dollars, almost double the assets of the National Pension Scheme (NPS) of South Korea. However, Japan's population is roughly 2.3 times larger.

Growth rate of the GPIF

Public Pension Funds (PPFs) are pension schemes regulated by the state. Typically, these funds are established through an initial cash injection delivered by the state from surplus revenues. The GPIF was established in Japan in 2006 by the local government, for the purpose of managing Japanese pension reserves. Through successful investment strategy and portfolio management, the GPIF has grown its AUM through means including dividend payments and generating cumulative investment income.

Global Performance PPFs are typically required to implement a low-risk investment strategy. The GPIF reduces its risk by investing in select risk-averse assets, such as stocks and bonds. While its portfolio diversification through financial assets is limited, the pension fund splits its exposure to the domestic and foreign markets almost in half. Due to effective portfolio management, the GIPF has historically outperformed on a global scale. This trend continued into 2022, as the GPIF ranked as the world's leading pension fund.

In the fiscal year 2023, domestic bonds made up 26.95 percent of the portfolio of the Japanese Government Pension Investment Fund (GPIF). With more than 245 trillion yen in assets under management in fiscal 2023, the Japanese Government Pension Investment Fund is the world's largest pension fund.

Japan General Government: Net acquisition of Financial Assets (NFA) data was reported at 11,041.800 JPY bn in 2015. This records an increase from the previous number of 3,944.200 JPY bn for 2014. Japan General Government: Net acquisition of Financial Assets (NFA) data is updated yearly, averaging 11,041.800 JPY bn from Mar 1995 (Median) to 2015, with 21 observations. The data reached an all-time high of 33,688.000 JPY bn in 2000 and a record low of -12,252.900 JPY bn in 2009. Japan General Government: Net acquisition of Financial Assets (NFA) data remains active status in CEIC and is reported by Economic and Social Research Institute. The data is categorized under Global Database’s Japan – Table JP.F014: General Government: Operation Statement.

In the fiscal year 2023, the Japanese Government Pension Investment Fund (GPIF) had an investment return rate of ***** percent. With more than *** trillion yen in assets under management in fiscal 2023, the Japanese Government Pension Investment Fund is the world's largest pension fund.

In the fiscal year 2024, domestic bonds made up around **** percent of the portfolio of the Japanese Government Pension Investment Fund (GPIF). With more than *** trillion yen in assets under management in fiscal 2024, the Japanese Government Pension Investment Fund is the world's largest pension fund.

The total art and culture related proposed budget of the Agency for Cultural Affairs in Japan amounted to 140 billion Japanese yen for the fiscal year 2025, representing an increase from the previous fiscal year. This was the highest planned budget during the surveyed period. The Agency for Cultural Affairs The Agency for Cultural Affairs is an external organ of the Ministry of Education, Culture, Sports, Science, and Technology (MEXT) in Japan. The agency was established in 1968 to design comprehensive developments of artistic and cultural activities in the country. Projects that are conducted by the agency include: promotions of art creation activities and international cultural exchange; protection of cultural assets and copyrights; improvement and dissemination of the Japanese language; and management of religious corporations. The agency planned to allocate the highest share of the annual budget to the projects for inheritance and utilization of cultural properties through proper maintenance. The agency additionally supports the Japan Arts Funds that subsidizes various types of culture-related activities. Art and culture promotion measures The current measures for the advancement of art and culture in Japan are based on the Basic Plan on the Promotion of Culture and the Arts, enacted in 2018. The plan, which is already in its second term, specifies policies and programs for the period between fiscal years 2023 and 2027, such as the Cool Japan Strategy that aims to attract people from overseas by using Japanese traditional and modern culture. The development of the art and culture industry has been one of the focal points of the Japanese government, as the expansion of inbound tourism was estimated to rise.

Japan JP: Net Acquisition of Financial Assets data was reported at -189,300.000 JPY mn in 2017. This records an increase from the previous number of -7,612,000.000 JPY mn for 2016. Japan JP: Net Acquisition of Financial Assets data is updated yearly, averaging 1,433,650.000 JPY mn from Mar 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 33,678,900.000 JPY mn in 2004 and a record low of -16,901,700.000 JPY mn in 1999. Japan JP: Net Acquisition of Financial Assets data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Government Revenue, Expenditure and Finance. Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Japan JP: General Government: % of GDP: Gross Financial Assets: Double Hit Scenario data was reported at 99.366 % in 2021. This stayed constant from the previous number of 99.366 % for 2020. Japan JP: General Government: % of GDP: Gross Financial Assets: Double Hit Scenario data is updated yearly, averaging 64.140 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 99.366 % in 2021 and a record low of 23.410 % in 1970. Japan JP: General Government: % of GDP: Gross Financial Assets: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GFAR-General government gross financial assets, as a percentage of GDP System of National Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding Financial Accounts:https://dx.doi.org/10.1787/9789264281288-en

Japan JP: General Government: % of GDP: Gross Financial Assets data was reported at 123.085 % in 2026. This stayed constant from the previous number of 123.085 % for 2025. Japan JP: General Government: % of GDP: Gross Financial Assets data is updated yearly, averaging 76.002 % from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 123.085 % in 2026 and a record low of 19.566 % in 1970. Japan JP: General Government: % of GDP: Gross Financial Assets data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Government Accounts: % of GDP: Forecast: OECD Member: Annual. GFAR-General government gross financial assets, as a percentage of GDP