Japan Total Credit to Non-Financial Sector
Quarterly total credit to the Japanese non-financial sector compiled by the Bank for International Settlements: credit to households, non-financial corporations and general government from all lenders (banks, bond markets, non-residents), as a share of GDP and in yen billions, adjusted for breaks.
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As a share of GDP1 | ||||||||||||||
| Non-financial sector (private and government)3 | 349.4 | 351.2 | 354.5 | 358.8 | 362 | 369.2 | 373 | 376.8 | 381.6 | 383.4 | 384.2 | 394.1 | 397 | |
| Private non-financial sector3 | 173.7 | 173.4 | 171.3 | 170.1 | 171 | 173.2 | 172.2 | 174.4 | 174.7 | 174.5 | 175.1 | 176 | 177.2 | |
| Households and NPISHs | 60.8 | 60.8 | 60.8 | 61 | 61.5 | 61.8 | 61.9 | 62.4 | 62.3 | 62.3 | 62.8 | 63.5 | 64.1 | |
| Non-financial corporations | 112.9 | 112.6 | 110.5 | 109.1 | 109.5 | 111.4 | 110.3 | 112 | 112.4 | 112.2 | 112.3 | 112.5 | 113 | |
| Private non-financial sector, of which from domestic banks | 115.4 | 115.6 | 114.5 | 114 | 114.2 | 116.1 | 115.4 | 116.6 | 117.6 | 116.9 | 117.1 | 117.3 | 118 | |
| General government, market value | 175.6 | 177.7 | 183.2 | 188.7 | 191 | 196 | 200.8 | 202.4 | 206.9 | 208.9 | 209.1 | 218.1 | 219.8 | |
| General government, nominal value | 193.6 | 193.3 | 195.9 | 199.4 | 201.2 | 202.6 | 205.3 | 208.6 | 209.1 | 210 | 211.2 | 215.2 | 217.2 | |
| Outstanding amount1 | ||||||||||||||
| Non-financial sector (private and government)3 | 2,349,847.3 | 2,340,412.5 | 2,339,900.8 | 2,344,317.5 | 2,335,352 | 2,351,270.4 | 2,351,825.3 | 2,353,758.1 | 2,368,109.1 | 2,364,323.1 | 2,339,985 | 2,364,551.7 | 2,347,489.6 | |
| Private non-financial sector3 | 1,168,547.5 | 1,155,930.6 | 1,130,515.3 | 1,111,129.7 | 1,102,996.7 | 1,103,078.9 | 1,085,701.4 | 1,089,339.3 | 1,084,324.2 | 1,076,166.6 | 1,066,167.3 | 1,055,797.4 | 1,047,773.9 | |
| Households and NPISHs | 409,026.1 | 405,345.8 | 401,308.8 | 398,376.7 | 396,561 | 393,554.5 | 390,086.3 | 389,761 | 386,654.8 | 384,354.7 | 382,428.6 | 380,913 | 379,290.9 | |
| Non-financial corporations | 759,521.4 | 750,584.8 | 729,206.5 | 712,753 | 706,435.7 | 709,524.4 | 695,615.1 | 699,578.3 | 697,669.4 | 691,811.9 | 683,738.7 | 674,884.4 | 668,483 | |
| Private non-financial sector, of which from domestic banks | 776,440.8 | 770,107.5 | 755,728 | 744,966.9 | 736,583.9 | 739,484.9 | 727,953.9 | 727,991.8 | 729,833.1 | 720,704.9 | 713,255.6 | 704,058.2 | 697,661.7 | |
| General government, market value | 1,181,299.8 | 1,184,481.9 | 1,209,385.5 | 1,233,187.8 | 1,232,355.3 | 1,248,191.5 | 1,266,123.9 | 1,264,418.8 | 1,283,784.9 | 1,288,156.5 | 1,273,817.7 | 1,308,754.3 | 1,299,715.7 | |
| General government, nominal value | 1,302,192.61 | 1,288,346.46 | 1,293,211.54 | 1,302,935.57 | 1,298,063.42 | 1,290,458.23 | 1,294,805.47 | 1,303,150.75 | 1,297,395.95 | 1,294,729.79 | 1,286,545.65 | 1,291,279.19 | 1,284,174.01 |
Latest reading
Private non-financial sector stood at 173.7 % of GDP in Q1 2026. That is +0.3 pp from Q4 2025 and +2.7 pp from a year earlier. The series on this page is quarterly and runs from Q4 1964 to Q1 2026. Source: BIS – Bank for International Settlements (data.bis.org).
- Latest
- 173.7 % of GDP
- Q1 2026
- vs previous period
- +0.3 pp
- Q4 2025
- vs a year earlier
- +2.7 pp
About this data
Quarterly total credit to the Japanese non-financial sector compiled by the Bank for International Settlements: credit to households, non-financial corporations and general government from all lenders (banks, bond markets, non-residents), as a share of GDP and in yen billions, adjusted for breaks. Government debt is shown at market and at nominal value.
