Capital Flows Atlas

Countries · Japan

Japan

Japan is the largest foreign holder of US Treasuries, and its Ministry of Finance publishes cross-border flows every week.

Japan's holdings of US Treasuries

End-of-month holdings by custodian country, $bn.

Holdings over the last 13 months

$bn, end of month.

Weekly flows

Net purchases, yen trillions; positive means net buying.

Japanese investors buying abroad

Each week, ¥tn.

Foreign investors buying Japan

Each week, ¥tn.

The yen in global reserves

Share of central banks' allocated reserves held in yen, per cent.

Yen share of global reserves

Per cent, quarterly.

Direct and equity investment

Annual net inflows into Japan, $bn.

Net inflows by year

Foreign direct investment and portfolio equity, $bn.

Japanese life insurers and pension funds are major buyers of foreign bonds; their weekly moves often respond to changes in Japanese and US yields.

The monthly read

A short email after each TIC release: where money moved, what changed among the big holders, and the charts that matter.