Asia

Thursday, March 22, 2012 - 20:58

BOJ: Q4 Non-Japanese JGB Holdings Hit Record High Y78 Trln


-- BOJ: Q4 Non-Japanese JGB Holdings +37.8% Y/Y; Q3 +30.7%
-- BOJ: End-Dec Fncl Firm JGB Holdings Y601 Trln Vs Y593 Trln
-- BOJ: End-Dec Fncl Firm JGB Holding Share 65.3%; 64.5% End-Sep
-- BOJ: End-Dec Japan Household Assets -0.4% Y/Y at Y1,483 Trln
-- BOJ: End-Dec Household JGB Holdings -13.7% Y/Y at Y28 Trln

TOKYO (MNI) - The balance of Japanese government bonds held by non-residents hit a record high of Y78 trillion at the end of December 2011, or 8.5% of the Y920 trillion in outstanding JGBs, up from the previous record high of Y76 trillion, or 8.4%, marked at the end of last September, quarterly Bank of Japan data released Friday showed.

The 8.5% share at the end of December was the highest share since 8.6% posted at the end of September 2008.

The data also showed that overseas investor holdings of JGBs rose 37.8% from a year earlier, with the pace of growth accelerating from a 30.7% rise at the end of September.

The latest data showed that non-Japanese investors were shifting money away from Europe to safer assets in Japan and the U.S. at the height of the European sovereign debt crisis.

The balance of JGBs held by non-financial institutions at the end of December posted a record high of Y601 trillion. It was the first time that the balance had topped Y600 trillion.

The data also showed that liabilities held by non-financial firms at the end of December stood at Y854 trillion, down from Y992 trillion at the end of September, which was the first time since end-March 1987 that the balance had fallen below Y1,000 trillion.

The following is a table detailing major components for the BOJ's quarterly flow of funds data. All figures are preliminary.

1)Balance of JGBs End-Dec. Y/Y Chg End-Sept. Y/Y Chg held by non-residents: Pct Chg Pct Chg Y78 trln +37.8% Y76 trln +30.7% Share of Total JGBs: 8.5% 8.2%

2)Balance of JGBs End-Dec. Y/Y Chg End-Sept. Y/Y Chg held by domestic fncl firms: Pct Chg Pct Chg Y601 trln +2.3% Y593 trln +1.9% Share of Total JGBs: 65.3% 64.5%

3)Value of financial assets End-Dec. Y/Y Chg End-Sept.Y/Y Chg held by Japanese households Pct Chg Pct Chg Y1,483 trln -0.4% 1,471 trln +0.4%

4)Value of cash and deposits Held by Japanese households End-Dec. Y/Y Chg End-Sept. Y/Y Chg Pct Chg Pct Chg Y839 trln +2.2% Y824 trln +2.1%

5)Value of foreign currency denominated deposits held by Japanese households End-Dec. Y/Y Change End-Sept. Y/Y Change Pct Chg Pct Chg Y5.59 trln +4.0% Y5.60 trln +3.9%

6)Value of JGBs held by Japanese households

End-Dec. Y/Y Change End-Sept. Y/Y Change Pct Chg Pct Chg Y28.0 trln -13.7% Y29.5 trln -13.5%

7) Balance of fncl liabilities held by Government

End-Dec Y/Y Change End-Sep Y/Y Change Pct Chg Pct Chg Y1,099 trln +4.5% Y1,095 trln +4.9%

tokyo@marketnews.com ** MNI Tokyo Newsroom: 81-3-5403-4833 **

[TOPICS: M$J$$$,M$A$$$,MMJBJ$,MAJDS$,MTABLE]

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