Status of valuation losses on Japanese government bonds in the financial sector
Scale of unrealized (valuation) losses by holder — Note that these are unrealized accounting losses
Bank of Japan (BOJ)45.4 trillion yen
As of FY2025 (ending March 2026), up 17 trillion yen YoY, all-time high
Total of 4 major life insurance companies15.1 trillion yen
As of the end of June 2026, domestic government bond holdings, up approx. 7% QoQ
4 major commercial banks7.05 trillion yen
Q4 2025, Japan Post Bank and Mitsubishi UFJ saw the largest increases
73 listed regional banksApprox. 2.13 billion USD
As of September 2025 fiscal year-end, up 260% compared to March 2024, all-time high