March 23, 2017
Research and Statistics Department
Bank of Japan
Basic Figures
Flow of Funds for the Fourth Quarter of 2016
(Preliminary report)
Chart 1
Financial assets and liabilities by sector
Chart 2-1
Financial surplus and deficit by sector
Chart 2-2
Financial surplus and deficit of households and private nonfinancial corporations
Chart 3-1
Financial assets held by households
Chart 3-2
Financial assets held by households: Breakdown of debt securities,investment trust beneficiary certificates, equity, and insurance
Chart 4-1
Financial liabilities of private nonfinancial corporations
Chart 4-2
Financial assets held by private nonfinancial corporations
Chart 5
Breakdown of loans by private financial institutions
Chart 6-1
Financial liabilities of general government
Chart 6-2
Government bonds and treasury bills by holding sector
Reference 1
From-whom-to-whom of domestic debt securities
Reference 2
From-whom-to-whom of loans
Reference 3
Pension entitlements of corporate pensions (defined benefit schemes)and claims of pension funds on pension managers
Reference 4
Composition of corporate pensions assets (defined benefit schemes)and pension entitlements of households
Reference 5
Distributions of investment trusts
* Data used in this paper are available in the
BOJ Time-Series Data Search
.
Contents
Unit: trillion yen
Households
(391)
Households
(1,800)
Others
69
(1,528)
Others
51
Loans
48
(1,101)
Others
308
Securities
353
General
government
(1,248)
Others
504
General
government
(558)
Securities
198
Others
30
Others
334
Borrowings
145
Others
116
Others
280
Notes: 1. Major sectors and transaction items are selected to show the overview of the flow of funds.
2.
3.
4.
Securities include "Equity and investment fund shares" and "Debt securities." The latter consists of "Central government securities and FILPbonds," "Bank debentures," "Industrial securities," "Trust beneficiary rights," etc. (Securities in external claims of Japan is "Outward investmentsin securities.")
Chart 1. Financial assets and liabilities by sector (end of December 2016)
Domestic nonfinancial sector
Financial institutions
Domestic nonfinancial sector
Depository corporations
(including sole proprietorships)
( Banks, Collectively managed trusts, etc. )
(including sole proprietorships)
Private
nonfinancialcorporations
Securities
393
Securities
288
Borrowings
361
Securities
98
Insurance, pension
and standardized
guarantees
524
Insurance and pension funds
Borrowings
322
Loans
754
Deposits
1,416
Currency and
deposits
937
Securities
859
Insurance,
pension and
standardized
guarantees
528
Central government,
Local governments, and
Social security funds
Borrowings
158
Loans
463
Deposits
with the
Fiscal Loan
Fund
32
(Of which: listed shares
499)
Central government,
Currency and
deposits
244
Other financial institutions
Securities investment trusts, Nonbanks,
Public financial institutions,
Public captive financial institutions,
and Financial dealers and brokers
Securities
377
Private
nonfinancialcorporations
Local governments, and
Social security funds
Securities
1,060
Deposits with theFiscal Loan Fund
26
Borrowings
234
Overseas
(644)
Overseas
(999)
Securities
122
Securities
435
330
The sum of the transaction items which are not shown individually is represented by Others in the above charts.
Loans
42
Currency
107
Loans
181
Securities
443
Deposits with
the Bank of
Japan
(External debts of Japan)
(External claims of Japan)
Securities
347
Central bank
Securities
574
Loans and borrowings include "Bank of Japan loans," "Call loans and bills," "Loans by private financial institutions," "Loans by public financialinstitutions," "Loans by the nonfinancial sector," "Installment credit," and "Repurchase agreement and securities lending transactions."
Overseas
Overseas
Liabilities (fund raising)
Assets (investments)
Assets
Liabilities
Assets
Liabilities
- 1 -
Chart 2-1. Financial surplus and deficit by sector
(1) Quarterly (seasonally adjusted)
(3) Fiscal year
(2) Calendar year
30.8
35.4
-17.6
-10.8
6.4
3.6
-16.1
-19.9
-60
-40
-20
0
20
40
60
06
07
08
09
10
11
12
13
14
15
16
(trillion yen)
Calendar year
(Financial surplus)
(Financial deficit)
Private nonfinancial corporations
Households
Overseas
General government
-20
-15
-10
-5
0
5
10
15
20
┗
1
3
┛
┗
1
4
┛
┗
1
5
┛
┗
1
6
┛
(trillion yen)
Calendar year
(Financial surplus)
(Financial deficit)
Households
Private nonfinancial corporations
Overseas
General government
12.4
37.1
-24.4
-15.4
21.6
0.9
-8.5
-17.3
-60
-40
-20
0
20
40
60
05
06
07
08
09
10
11
12
13
14
15
(trillion yen)
Fiscal year
(Financial surplus)
(Financial deficit)
Households
Private nonfinancial corporations
Overseas
General government
- 2 -
(日本)
(日本)
Notes: 1.
2.
Chart 2-2. Financial surplus and deficit of households and private nonfinancial corporations
(1) Financial surplus and deficit of households
(2) Financial surplus and deficit of private nonfinancial corporations
Loans by financial institutions are the sum of "Loans by private financial institutions" and "Loans by publicfinancial institutions" on the borrowing side.
Net financing in domestic securities is calculated as follows: investment in "Debt securities" and "Equityand investment fund shares" minus fund raising through these securities.
-60
-40
-20
0
20
40
60
05
06
07
08
09
10
11
12
13
14
15
(trillion yen)
FY
Others
Loans by financial institutions (repayment represents positive)
Outward direct investment
Net financing in domestic securities
Outward investment in securities
Currency and deposits
Financial surplus and dificit
-60
-40
-20
0
20
40
60
05
06
07
08
09
10
11
12
13
14
15
(trillion yen)
OthersInsurance, pension and standardized guaranteesLoans by financial institutions (repayment represents positive)Investment trustsEquityDebt securitiesCurrency and depositsFinancial surplus and deficit
FY
(trillion yen)
(trillion yen)
-60
-40
-20
0
20
40
60
Q1
15
Q2
Q3
Q4
Q1
16
Q2
Q3
Q4
-60
-40
-20
0
20
40
60
Q1
15
Q2
Q3
Q4
Q1
16
Q2
Q3
Q4
sum of the latest 4 quarters
sum of the latest 4 quarters
- 3 -