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Contents(PDF:124KB)![]()
Preface
- About "Debt Management Report"(PDF:57KB)

- What is Debt Management Policy?(PDF:255KB)
- Column 1. JGB Yields
- Column 2. Demand for JGBs with negative yields
I FY2021 Debt Management Policies
- Trends of JGB Market in FY2020 (PDF:242KB)

- JGB Issuance Plan for FY2021(PDF:711KB)

- Column 3. Increases in FY2020 JGB Issuance and Future Outlook
- Column 4. Front-loading Refunding Bonds to level calendar-base market issuance
- Diversification of JGB Investor Base(PDF:555KB)

II Framework of Debt Management
Chapter 1 Government Bonds (JGBs)
- Primary Market for Government Bonds(PDF:1136KB)
- Column 5. Debt Management Policies in Foreign Countries
- Secondary Market for Government Bonds(PDF:435KB)
- Column 6. Investors in JGB futures
- Debt Management Systems(PDF:617KB)

- Column 7. Debt management authorities’ business operations under COVID-19
- Taxation of Government Bonds(PDF:418KB)
- Column 8. Response to digitalization of JGB-related procedures
Chapter 2 Financing Bills, Borrowings, Government-Guaranteed Debt and Subsidy Bonds
- Financing Bills(PDF:208KB)

- Borrowings(PDF:157KB)

- Government-Guaranteed Debt(PDF:241KB)

- Subsidy Bonds(PDF:152KB)

Chapter 3 Other Public Debt
- Local Government Bonds (LGBs)(PDF:325KB)

- Debt of Incorporated Administrative Agencies, etc.(PDF:155KB)

III Appendices
Chapter 1 Government Bonds (JGBs)
- Primary Market for Government Bonds(PDF:296KB)
[Excel](Excel:116KB)
- Secondary Market for Government Bonds(PDF:623KB)
[Excel](Excel:38KB)
- Debt Management Systems(PDF:202KB)
[Excel](Excel:70KB)
Chapter 2 Financing Bills, Borrowings and Government-Guaranteed Debt
- Financing Bills (FBs)(PDF:137KB)
[Excel](Excel:58KB)
- Borrowings(PDF:147KB)

- Government-Guaranteed Debt(PDF:121KB)

Chapter 3 Other Public Debt
- Local Government Bonds (LGBs)(PDF:113KB)
[Excel](Excel:40KB)
- Debt of Incorporated Administrative Agencies, etc.(PDF:119KB)

Supplement
Fiscal Conditions and Debt Outstandings(PDF:935KB)
[Excel](Excel:96KB)![]()

