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Debt Management Report 2025

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Full Report(PDF:7276KB)

Contents

Preface

  1. About "Debt Management Report"(PDF:446KB)
  2. What is Debt Management Policy?(PDF:820KB)
    • Box 1. JGB Yields
    • Box 2. “Simple Interest” and “Compound Interest”

I  State of Debt Management Policies

  1. Trends of JGB Market in FY2024(PDF:1250KB)
  2. JGB Issuance Plan(PDF:930KB)
    • Box 3. Cost-at-Risk Analysis
    • Box 4. Challenges and Initiatives in Recent Government Debt Management Policy
  3. Diversification of JGB Investor Base(PDF:1088KB) 
    • Box 5. On the Demand for T-Bills

      II   Framework of Debt Management

      Chapter 1 Government Bonds (JGBs)

      1. Debt Management Policy Frameworks(PDF:789KB)
      2. Primary Market for Government Bonds(PDF:755KB)
      3. Secondary Market for Government Bonds(PDF:1056KB)
      4. Taxation of Government Bonds(PDF:591KB)

        Chapter 2 Financing Bills, Borrowings, Government-Guaranteed Debt and Subsidy Bonds

        1. Financing Bills(PDF:489KB)
        2. Borrowings(PDF:464KB)
        3. Government-Guaranteed Debt(PDF:499KB)
        4. Subsidy Bonds(PDF:478KB)

        Chapter 3 Other Public Debt

        1. Local Government Bonds (LGBs)(PDF:698KB)
        2. Debt of Incorporated Administrative Agencies, etc.(PDF:480KB)

        Chapter 4 Debt Management in Foreign Countries

        1. Debt Management Policies in Foreign Countries(PDF:550KB)
        2. Debt Management Status in Foreign Countries, etc(PDF:718KB)

        III  Appendices

        Chapter 1 Government Bonds (JGBs)

        1. Debt Management Policy Frameworks(PDF:632KB) [Excel](Excel:58KB)
        2. Primary Market for Government Bonds(PDF:659KB) [Excel](Excel:87KB)
        3. Secondary Market for Government Bonds(PDF:1607KB) [Excel](Excel:52KB)

        Chapter 2 Financing Bills, Borrowings and Government-Guaranteed Debt

        1. Financing Bills (FBs)(PDF:597KB) [Excel](Excel:17KB)
        2. Borrowings(PDF:536KB) [Excel](Excel:56KB)
        3. Government-Guaranteed Debt(PDF:556KB) [Excel](Excel:40KB)

        Chapter 3 Other Public Debt

        1. Local Government Bonds (LGBs)(PDF:1025KB) [Excel](Excel:21KB)
        2. Debt of Incorporated Administrative Agencies, etc.(PDF:524KB) [Excel](Excel:27KB)

        【Supplement】 Fiscal Conditions and Debt Outstandings


        Index