1 Economic Overview
Nominal GDP, Real GDP and Real GDP Growth Rate
Statistical Data
Indexes of Business Conditions (Composite Indexes)
Corporate Proits (all industries and all scales of business)
年度 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Ordinaryproits
(Trillionyen) 31.0 36.1 44.7 51.6 54.3 53.4 35.4 32.1 43.7 45.2 48.4 59.6 64.5 68.2 76.1 Ratioofordinary
proitstosales(%) 2.3 2.7 3.1 3.4 3.5 3.4 2.4 2.3 3.2 3.3 3.5 4.2 4.5 4.8 5.8 Returnonequity
(%) 1.8 3.9 4.5 5.9 6.3 5.6 1.5 1.9 3.7 3.8 4.5 6.7 6.9 6.7 －
Notes:1.FY2016ordinaryprofitsandtheratioofordinaryprofitstosalesareonapreliminaryreportbasis.
2.FY2016returnonequityisnotyetpublished.
3.Ordinaryprofits,theratioofordinaryprofitstosales,andreturnonequityexcludeperformancesofthebankingandinsuranceindustries.
Source:MinistryofFinance
Consumer Price and Corporate Goods Price Indexes
（％）
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ConsumerPriceIndex
(excludingfreshfood) －0.9 －0.3 －0.1 －0.1 0.1 0.0 1.5 －1.3 －1.0 －0.3 －0.1 0.4 2.6 0.5 －0.3 CorporateGoods
PriceIndex －2.0 －0.9 1.3 1.6 2.2 1.7 4.6 －5.2 －0.1 1.4 －0.9 1.2 3.2 －2.3 －3.5
Note:Annualaverage(yearonyear).
Sources:MinistryofInternalAffairsandCommunications,BankofJapan
Employment Conditions
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 UnemploymentRate
(%) 5.36 5.24 4.73 4.43 4.12 3.83 3.98 5.08 5.06 4.58 4.33 4.01 3.58 3.38 3.12 Job-ofersto
SeekersRatio
(excludingnewschool graduatesbutincluding part-timeworkers)(Times)
0.54 0.64 0.83 0.95 1.06 1.04 0.88 0.47 0.52 0.65 0.80 0.93 1.09 1.20 1.36
Note:Annualaverage(seasonallyadjusted).
Sources:MinistryofInternalAffairsandCommunications,MinistryofHealth,LabourandWelfare
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 LeadingIndex 93.3 100.1 106.8 110.4 110.7 106.1 83.4 96.1 100.8 100.9 98.5 111.0 104.3 100.4 104.8 CoincidentIndex 101.0 109.2 112.6 116.7 119.2 117.6 91.9 93.5 102.9 106.7 104.0 114.0 113.7 111.5 114.6 LaggingIndex 101.8 108.7 113.7 116.6 122.6 126.1 112.5 97.5 101.5 105.0 105.2 109.1 114.8 115.3 114.9
Notes:1.2010average=100
2.DatapublishedonJuly24,2017.
Source:JapaneseCabinetOffice
Statistical Data
2 Stock Market Stock Price Indexes
(Points)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Nikkei225
StockAverage 8,578.95 10,676.64 11,488.76 16,111.43 17,225.83 15,307.78 8,859.56 10,546.44 10,228.92 8,455.35 10,395.18 16,291.31 17,450.77 19,033.71 19,114.37 TOPIX 843.29 1,043.69 1,149.63 1,649.76 1,681.07 1,475.68 859.24 907.59 898.80 728.61 859.80 1,302.29 1,407.51 1,547.30 1,518.61 JPX-Nikkei400 － － － － － － － － － － － 11,767.24 12,768.42 13,951.93 13,614.80
Notes:1.Stockpriceindexesshowclosingprices.
2.BaseDateforJPX-Nikkei400calculationisAugust30,2013.(Basevalue:10,000points).
Source:Bloomeberg
Number of TSE Listed Companies, Market Capitalization, Trading Volume, and Trading Value
(companies,billionyen,millionstocks)
End of CY Number of TSE Listed Companies
Market Capitalization
Trading volume Trading value
Total Dailyaverage Total Dailyaverage
2002 2,119 247,860 213,173 867 193,354 786
2003 2,174 316,483 316,124 1,290 242,371 989
2004 2,276 364,554 378,755 1,539 343,121 1,394
2005 2,323 539,739 558,901 2,281 491,772 2,007
2006 2,391 549,789 502,463 2,026 673,762 2,716
2007 2,389 483,828 562,118 2,294 752,227 3,070
2008 2,373 283,460 555,106 2,265 576,319 2,352
2009 2,319 307,779 563,576 2,319 373,766 1,538
2010 2,280 310,451 520,052 2,122 359,170 1,466
2011 2,279 255,855 536,774 2,190 347,112 1,416
2012 2,293 300,797 529,928 2,136 310,886 1,253
2013 3,406 477,509 887,952 3,624 682,702 2,786
2014 3,456 524,899 709,104 2,906 643,105 2,635
2015 3,502 589,788 709,718 2,908 745,955 3,057
2016 3,533 579,596 665,769 2,717 691,102 2,820
Notes:1.Totalofdomesticstocks.
2.Numberoflistedcompaniesandmarketcapitalizationwerethoseattheendoftheyear.
3.ThespotmarketofformerOsakaSecuritiesExchangewasmergedwithTokyoStockExchangeinJuly2013.
Source:JapanExchangeGroup
Average PER (Simple Average) of TSE (1st Section)
(Times)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 PER － 96.7 28.1 32.3 25.9 19.5 14.1 － 32.9 15.0 18.4 23.5 18.5 18.5 19.6
Note:“-”fortheendof2002and2009areleftblankasthetotalnetprofitpersharewasnegative.
Source:JapanExchangeGroup
Statistical Data
Number of Newly Listed Companies and IPO Amounts
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Numberofnewly
listedcompanies 94 120 152 98 113 65 54 23 26 50 69 79 92 110 96 IPOamounts
(Billionyen) 147 347 421 402 594 176 43 33 206 128 39 377 346 91 190
Notes:1.IPOsincludepublicofferingsmadewhenforeigncompanieslistonaJapaneseexchange.
2.ThefiguresforthenumberofnewlistedcompaniesarefortheFirstandSecondSections,theMothersandJSADAQmarketsoftheTSE.Figuresfor otherdomesticexchangesarenotincluded.
Sources:JapanExchangeGroup,JapanSecuritiesDealersAssociation
Equity Financing (paid-in capital increase) by Corporations
（Billionyen）
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Publicoferings 223 653 994 884 1,659 511 362 4,968 3,320 1,014 473 1,134 1,384 963 258
Rightsoferings － 2 11 4 3 9 0 0 1 － 0 1 － 0 0
Third-partyallotments
andothers 1,566 2,808 2,150 2,509 1,220 1,626 1,116 1,366 655 510 1,444 519 617 915 771 Total 1,789 3,464 3,156 3,397 2,883 2,147 1,479 6,334 3,977 1,524 1,918 1,655 2,002 1,879 1,029
Notes:1.Third-partyallotmentsincludeprivateplacements.
2.Initialpublicofferingsmadeinconjunctionwiththelistingofsharesonexchangesbefore2007arenotincludedinthecalculations.
3.“—”indicatesnil.“0”indicatesanamountlessthan1unitamount.
Source:JapanExchangeGroup
(%)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Simpleyieldofnewly
issued10-yearJGBs 0.900 1.360 1.435 1.470 1.675 1.500 1.165 1.285 1.110 0.980 0.795 0.735 0.330 0.265 0.046 Uncollateralized
overnightcallrate 0.002 0.001 0.002 0.004 0.275 0.459 0.103 0.094 0.079 0.075 0.076 0.068 0.066 0.038 -0.058
Sources:BankofJapan,JapanBondTradingCo.,Ltd.
3 Bond Market
Long-term and Short-term Interest Rates
OTC Bond Trading
(Trillionyen)
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 JGBs 3,429.8 4,836.1 6,178.6 6,428.0 8,881.6 11,890.1 11,118.4 8,458.1 7,452.4 7,860.2 8,738.9 8,968.6 10,075.4 10,393.4 9,291.1 Short-termJGBs,etc. 1,490.0 1,933.7 2,179.3 1,817.5 1,872.1 2,554.8 2,680.6 3,083.9 2,646.5 2,497.8 2,475.5 2,693.7 2,449.3 2,499.7 1,409.8 Medium-term,long-term,
Super-long-term,JGBs 1,939.8 2,902.4 3,999.2 4,610.5 7,009.5 9,335.2 8,437.8 5,374.1 4,805.9 5,362.4 6,263.3 6,274.9 7,626.0 7,893.7 7,881.2 Others 236.1 274.0 302.8 330.1 271.3 206.5 169.7 105.1 100.7 104.1 105.3 89.3 106.9 142.8 82.0 Total 3,665.9 5,110.2 6,481.4 6,758.2 9,152.9 12,096.6 11,288.1 8,563.3 7,553.1 7,964.4 8,844.3 9,058.0 10,182.3 10,536.3 9,373.2
Note:Short-termJGBs,etc.arethetotaloffinancialbills,treasurybillsandTreasuryDiscountBills(since2009).
Source:JapanSecuritiesDealersAssociation
Statistical Data
Corporate Bond Financing
(Billionyen)
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Straightcorporatebonds 7,736 7,728 5,879 7,088 6,858 9,258 9,125 11,493 9,678 8,483 8,409 8,708 8,456 6,898 10,715
Convertible-typebonds
withsubscriptionrights 427 72 561 889 1,423 127 653 287 171 39 36 97 104 237 87 Total 8,163 7,800 6,440 7,977 8,281 9,385 9,778 11,780 9,849 8,522 8,445 8,805 8,560 7,135 10,802
Notes:1.Straightcorporatebondsincludeassetbackedbonds.
2.Financingbycorporatebondswithshareoptionswaszero.
3.Convertible-typebondswithsubscriptionrightswerepreviouslytermedconvertiblebondsbeforebeingrenamedinaccordancewith2002revisionsin theCommercialCode.
Source:JapanSecuritiesDealersAssociation
Bond Issuance
(Billionyen)
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 JGBs 147,831 154,686 175,268 186,155 175,683 140,455 125,751 145,660 165,823 164,064 172,248 181,032 175,848 174,508 168,854 Municipalbonds 2,582 4,264 5,251 6,152 6,031 5,703 5,873 7,439 7,608 6,654 6,771 7,079 6,880 6,849 6,346 Gov-guaranteedbonds 4,216 6,476 8,243 7,821 4,434 4,461 4,494 4,925 4,540 3,153 4,699 4,873 4,600 3,134 3,335 FILPagencybonds 2,408 2,457 3,188 4,187 4,493 4,556 4,472 4,599 4,998 5,647 5,439 4,811 4,134 4,298 4,860
Straight
corporatebonds 7,736 7,728 5,879 7,088 6,858 9,258 9,125 11,493 9,678 8,483 8,409 8,708 8,456 6,898 10,715 Others 17,159 15,757 15,812 16,684 13,561 12,150 8,822 5,995 5,838 5,395 4,944 4,368 5,097 4,607 3,120 Total 181,934 191,371 213,642 228,090 211,062 176,585 158,540 180,113 198,488 193,398 202,513 210,873 205,019 200,297 197,232
Notes:1.Excludingprivateplacementmunicipalbonds.Inaddition,for2008andlater,excludingprivateplacementspecialbondsandprivateplacement corporatebonds.
2.Straightcorporatebondsincludeassetbackedcorporatebonds.
Source:JapanSecuritiesDealersAssociation
Composition of Bond Issuance
(%)
CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 JGBs 81.3 80.8 82.0 81.6 83.2 79.5 79.3 80.9 83.5 84.8 85.1 85.8 85.8 87.1 85.6 Municipalbonds 1.4 2.2 2.5 2.7 2.9 3.2 3.7 4.1 3.8 3.4 3.3 3.4 3.4 3.4 3.2 Gov-guaranteedbonds 2.3 3.4 3.9 3.4 2.1 2.5 2.8 2.7 2.3 1.6 2.3 2.3 2.2 1.6 1.7 FILPagencybonds 1.3 1.3 1.5 1.8 2.1 2.6 2.8 2.6 2.5 2.9 2.7 2.3 2.0 2.1 2.5
Straight
corporatebonds 4.3 4.0 2.8 3.1 3.2 5.2 5.8 6.4 4.9 4.4 4.2 4.1 4.1 3.4 5.4 Others 9.4 8.2 7.4 7.3 6.4 6.9 5.6 3.3 2.9 2.8 2.4 2.1 2.5 2.3 1.6 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Notes:1.Excludingprivateplacementmunicipalbonds.Inaddition,for2008andlater,excludingprivateplacementspecialbondsandprivateplacement corporatebonds.
2.Straightcorporatebondsincludeassetbackedcorporatebonds.
Source:JapanSecuritiesDealersAssociation
Statistical Data
4 Investment Trusts
Net Assets, etc. Held in Investment Trusts
(Billionyen)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Publicly
ofered investment trusts
Number
offunds 2,718 2,617 2,552 2,640 2,753 2,997 3,333 3,656 3,905 4,196 4,384 4,922 5,404 5,843 6,060 Netassets 36,016 37,435 40,996 55,347 68,927 79,760 52,146 61,455 63,720 57,327 64,063 81,523 93,504 97,756 96,641
Real-estate investment trusts
Number
offunds 6 10 15 28 40 42 42 42 35 34 37 52 62 68 83
Netassets 441 766 1,246 2,050 3,153 3,687 3,968 4,020 3,908 4,109 4,578 6,078 7,137 8,224 9,605
Private placement investment trusts
Number
offunds 1,085 1,306 1,588 1,881 2,192 2,477 2,603 2,639 2,689 2,698 2,753 2,883 3,351 3,961 4,829 Netassets 7,381 10,384 15,596 25,643 32,987 36,030 25,555 29,667 30,626 28,542 31,818 40,413 46,870 61,973 74,084
Total
Number
offunds 3,809 3,933 4,155 4,549 4,985 5,516 5,978 6,337 6,629 6,928 7,174 7,857 8,817 9,872 10,972 Netassets 43,839 48,586 57,839 83,041 105,068 119,478 81,670 95,143 98,255 89,979 100,461 128,014 147,512 167,954 180,331 Changesin
netassets －7,548 4,746 9,253 25,201 22,027 14,410 －37,808 13,472 3,112 －8,275 10,481 27,553 19,498 20,442 12,377
Source:TheInvestmentTrustsAssociation,Japan
(Billionyen)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Stock
investment trusts
Number
offunds 2,351 2,339 2,308 2,408 2,533 2,789 3,135 3,468 3,724 4,017 4,209 4,756 5,242 5,684 5,939 Netassets 16,372 21,339 27,435 40,828 55,657 66,784 40,842 50,243 52,464 46,761 52,913 65,027 77,095 81,738 83,022
Bondinvestment trusts
Number
offunds 346 263 230 218 206 194 184 174 167 165 161 152 148 146 120 Netassets 14,121 11,746 9,955 11,498 10,576 10,059 8,691 8,755 9,026 8,536 9,302 14,569 14,433 14,375 13,553
Money management funds
Number
offunds 21 15 14 14 14 14 14 14 14 14 14 14 14 13 1
Netassets 5,521 4,350 3,606 3,020 2,693 2,917 2,612 2,456 2,229 2,028 1,847 1,925 1,975 1,642 65
Total
Number
offunds 2,718 2,617 2,552 2,640 2,753 2,997 3,333 3,656 3,905 4,196 4,384 4,922 5,404 5,843 6,060 Netassets 36,016 37,435 40,996 55,347 68,927 79,760 52,146 61,455 63,720 57,327 64,063 81,523 93,504 97,756 96,641
Changesin
netassets －9,264 1,419 3,561 14,350 13,579 10,832 －27,614 9,308 2,264 －6,392 6,736 17,459 11,981 4,251 －1,114
Source:TheInvestmentTrustsAssociation,Japan
Net Assets, etc. Held in Publicly Ofered Contractual-type Securities Investment Trusts
Statistical Data
(Billionyen)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Unittype
Number
offunds 200 221 255 289 249 246 365 393 350 293 239 206 295 359 384 Netassets 697 1,161 1,799 1,945 1,875 1,876 1,287 1,522 1,266 881 1,275 1,479 1,791 1,734 1,383
Opentype (excluding ETFs)
Number
offunds 2,133 2,100 2,038 2,106 2,271 2,527 2,706 3,003 3,289 3,629 3,866 4,440 4,824 5,180 5,400 Netassets 13,165 17,216 22,522 35,180 49,665 61,029 37,029 46,430 48,588 43,152 47,423 55,456 64,688 63,838 61,292
ETFs
Number
offunds 18 18 15 13 13 16 64 72 85 95 104 110 123 145 155
Netassets 2,509 2,962 3,113 3,703 4,116 3,878 2,524 2,290 2,610 2,728 4,214 8,090 10,616 16,165 20,347
Total
Number
offunds 2,351 2,339 2,308 2,408 2,533 2,789 3,135 3,468 3,724 4,017 4,209 4,756 5,242 5,684 5,939 Netassets 16,372 21,339 27,435 40,828 55,657 66,784 40,842 50,243 52,464 46,761 52,913 65,027 77,095 81,738 83,022
Changesin
netassets 1,467 4,966 6,095 13,393 14,828 11,126 －25,942 9,401 2,220 －5,702 6,152 12,113 12,067 4,642 1,284
Source:TheInvestmentTrustsAssociation,Japan
Net Assets, etc. Held in Publicly Ofered Contractual-type Stock Investment Trusts
(Billionyen)
End of CY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Stock
investment trusts
Number
offunds 926 1,124 1,410 1,718 2,060 2,363 2,475 2,512 2,568 2,597 2,667 2,789 3,135 3,580 4,150 Netassets 6,469 9,388 14,646 24,723 32,186 35,406 24,967 28,976 29,912 27,938 31,297 39,618 45,155 59,370 69,951
Bondinvestment trusts
Number
offunds 159 182 178 163 132 114 128 127 121 101 86 94 216 381 679 Netassets 911 995 949 919 800 623 587 691 714 604 520 794 1,715 2,603 4,132
Total
Number
offunds 1,085 1,306 1,588 1,881 2,192 2,477 2,603 2,639 2,689 2,698 2,753 2,883 3,351 3,961 4,829 Netassets 7,381 10,384 15,596 25,643 32,987 36,030 25,555 29,667 30,626 28,542 31,818 40,413 46,870 61,973 74,084
Changesin
netassets 1,274 3,003 5,211 10,046 7,344 3,043 －10,474 4,111 958 －2,083 3,275 8,594 6,457 15,103 12,110
Source:TheInvestmentTrustsAssociation,Japan
Net Assets, etc. Held in Private Placement Contractual-type Investment Trusts
Statistical Data
5 Derivative Market
Derivative Market Transaction Volume, etc.
(Unit:Inthousands)
CY 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Transaction
volume 89,873 142,010 196,191 191,703 218,655 208,424 228,058 360,575 308,009 361,459 337,537 Currentoutstanding
opencontracts 1,666 1,700 1,888 2,805 3,462 3,361 5,012 5,346 4,773 3,787 3,928
Notes:1.ThederivativemarketofTokyoStockExchangewasmergedwiththatofOsakaSecuritiesExchangeinMarch2014.
2.FiguresshowthetotalofthederivativemarketsofOsakaSecuritiesExchangeandTokyoStockExchangebeforethemerger.
3.Currentoutstandingopencontractsareasofyear-end.
Source:JapanExchangeGroup
6 Investor Trends
Investment by Institutional Investors (Insurance Companies and Pension Funds)
(Billionyen)
FY 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Bonds 2,281 －1,896 8,651 4,114 10,890 10,742 6,070 －3,149 －2,772 －2,536 Stocks 1,312 504 302 －509 －1,819 －2,186 －2,113 －1,726 －607 －134
Investmenttrusts 173 267 2,467 －286 －818 1,654 76 381 －155 2,238
Foreignsecurities －1,287 1,237 －926 4,989 －2,210 －360 －1,924 3,016 9,280 8,197
Notes:1.Changesduringthefiscalyear.
2.Stocksincludeotherequities.
3．DatapublishedonJune27,2017.
Source:BankofJapan
Investments by Individual Investors (Household)
(Billionyen)
FY 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Bonds 516 －1,353 －1,215 －3,625 －3,525 －3,285 －2,420 －2,250 －801 －764 Stocks －232 1,957 －1,865 1,395 －258 －1,808 －6,595 －6,570 －1,699 －3,694 Investmenttrusts 9,790 －813 1,206 3,237 －1,762 1,739 5,516 6,219 6,037 3,495 Foreignsecurities 2,073 －538 137 472 1,218 629 －171 687 －1,637 －451
Notes:1.Changesduringthefiscalyear.
2.Stocksincludeotherequities.
3．DatapublishedonJune27,2017.
Source:BankofJapan
(Billionyen)
FY 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Transaction
value 65,062 88,456 97,214 147,591 88,021 98,697 79,420 69,467 44,041 136,503 122,946 239,526 212,210 End-of-term
balance 15,830 19,862 21,726 44,211 20,277 15,676 17,580 17,657 12,645 13,567 38,698 45,066 52,523
Notes:1.Onanotionalvaluebasis.
2.Endoftermbalanceisasoffiscalyear-end.
Source:JapanSecuritiesDealersAssociation
Value of Securities OTC Derivative Transactions
Statistical Data
(Billionyen)
End of FY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Individuals 48,679 75,599 84,740 117,977 108,419 76,653 54,345 68,469 63,040 62,838 76,447 83,429 99,790 90,770 99,466 Governments 538 789 722 977 1,866 1,567 1,137 1,152 940 793 791 845 974 765 841
Financial
institutions 47,553 67,554 67,402 94,097 87,678 59,843 42,541 52,628 48,575 49,007 57,843 65,309 90,484 83,587 94,060 Pension
trusts 13,630 16,581 15,430 20,927 20,185 14,149 9,364 11,697 9,963 9,169 9,580 9,236 10,635 7,693 7,461 Investment
trusts 9,384 13,602 15,219 25,537 26,865 19,739 13,378 15,956 13,606 13,881 17,034 21,292 27,530 28,882 36,631 Insurance
companies 21,988 29,566 29,441 42,688 43,452 30,875 19,652 23,728 20,017 18,707 21,468 23,042 29,010 24,345 26,654 Business
corporations 50,789 80,489 88,077 126,167 121,043 87,649 60,030 72,542 66,031 66,641 81,938 94,752 122,598 117,394 128,638 Foreigners 41,824 80,604 92,765 155,978 161,400 112,222 62,373 88,295 83,037 81,030 105,849 137,377 182,337 154,457 174,730 Securities
irms 2,088 4,494 4,596 8,198 10,385 6,293 2,711 5,341 5,569 6,240 7,463 10,149 12,707 10,703 12,717 Total 236,476 369,281 398,396 592,550 581,297 408,992 265,535 339,812 310,783 308,310 378,415 445,434 576,067 518,598 581,204
Notes:1.Governmentsincludecentralandregionalgovernments.
2.FinancialInstitutionsdonotincludepensiontrusts,investmenttrustsandinsurancecompanies.
3.Figurescoverallexchange-listedstocksexcludingforeignstocks.
4.Pensiontrustsincludeinvestmentassetsofpensionrelatedfundsofwelfarepensionfunds,etc.forwhichbanksoperatingtrustbusinessare appointedastrustee,butdonotincludethoseofpublicpensionfunds.
5.Treasurysharesownedbyeachlistedcompanyareincludedundertheinvestortypeinwhichthecompaniesarecategorized.
Source:TokyoStockExchange
Stockholdings by Type of Investors
(%)
End of FY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Individuals 20.6 20.5 21.3 19.9 18.7 18.7 20.5 20.1 20.3 20.4 20.2 18.7 17.3 17.5 17.1 Governments 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.2 0.1 0.1
Financial
institutions 20.1 18.3 16.9 15.9 15.1 14.6 16.0 15.5 15.6 15.9 15.3 14.7 15.7 16.1 16.2 Pension
trusts 5.8 4.5 3.9 3.5 3.5 3.5 3.5 3.4 3.2 3.0 2.5 2.1 1.8 1.5 1.3 Investment
trusts 4.0 3.7 3.8 4.3 4.6 4.8 5.0 4.7 4.4 4.5 4.5 4.8 4.8 5.6 6.3 Insurance
companies 9.3 8.0 7.4 7.2 7.5 7.5 7.4 7.0 6.4 6.1 5.7 5.2 5.0 4.7 4.6 Business
corporations 21.5 21.8 22.1 21.3 20.8 21.4 22.6 21.3 21.2 21.6 21.7 21.3 21.3 22.6 22.1 Foreigners 17.7 21.8 23.3 26.3 27.8 27.4 23.5 26.0 26.7 26.3 28.0 30.8 31.7 29.8 30.1 Securities
irms 0.9 1.2 1.2 1.4 1.8 1.5 1.0 1.6 1.8 2.0 2.0 2.3 2.2 2.1 2.2 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Notes:1.Governmentsincludecentralandregionalgovernments.
2.FinancialInstitutionsdonotincludepensiontrusts,investmenttrustsandinsurancecompanies.
3.Figurescoverallexchange-listedstocksexcludingforeignstocks.
4.Pensiontrustsincludeinvestmentassetsofpensionrelatedfundsofwelfarepensionfunds,etc.forwhichbanksoperatingtrustbusinessare appointedastrustee,butdonotincludethoseofpublicpensionfunds.
5.Treasurysharesownedbyeachlistedcompanyareincludedundertheinvestortypeinwhichthecompaniesarecategorized.
Source:TokyoStockExchange
Share of Stockholdings by Type of Investors (market value basis)
Statistical Data
7 Household Financial Assets Household Financial Assets
(Billionyen)
End of FY 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Cashand
deposits 793,989 806,003 819,011 829,283 847,876 862,494 880,234 898,748 911,060 932,082 Bonds 43,658 42,268 41,079 37,386 33,931 30,785 28,285 26,156 25,531 24,613 Stocksand
otherequities 114,713 84,380 101,262 105,382 108,470 132,622 147,793 170,299 167,631 180,825 Investmenttrusts 66,505 48,417 59,891 62,366 59,309 71,229 78,466 95,404 91,880 98,522
Insuranceand
pensionreserves 473,919 466,004 470,011 470,694 476,317 492,470 495,108 513,806 516,251 521,654 Others 45,380 43,650 45,839 43,999 44,493 46,113 46,833 51,565 49,229 51,700 Total 1,538,165 1,490,724 1,537,096 1,549,111 1,570,398 1,635,715 1,676,722 1,755,979 1,761,585 1,809,397
Notes:1.Bondsincludetrustbeneficiaryrights.
2.DatapublishedonJune27,2017.
Source:BankofJapan
Year/Month 2014.1 2014.3 2014.6 2014.12 2015.3 2015.6 2015.9 2015.12 2016.3 2016.6 2016.9 2016.12 2017.3 Numberofaccounts
(Unit:Tenthousandaccounts) 492 650 727 825 879 921 957 987 1,012 1,029 1,049 1,061 1,077 Purchaseamount
(Billionyen) － 10,034 15,631 29,769 44,109 51,884 58,597 64,444 77,513 83,761 88,591 94,095 105,469 Listedstocks － 3,645 4,949 9,705 13,983 16,282 18,867 21,654 27,464 29,921 31,698 34,018 38,854 Investmenttrusts － 6,212 10,395 19,439 29,154 34,477 38,381 41,297 48,126 51,700 54,620 57,636 63,900 ETF － 91 140 343 562 655 835 952 1,314 1,413 1,473 1,572 1,704
REIT － 86 145 281 409 468 512 540 649 726 799 867 1,010
Notes:1.AtthetimeofintroductionforJanuary2014;endofmonthforothers.
2．FiguresforSeptember2014havenotbeendisclosed.
3.Theamountofpurchaserepresentstheaccumulatedtotalsincethestartoftheprogram.
Source:FinancialServicesAgency
Nippon (Japan) Individual Savings Account (NISA)
(%)
End of FY 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Cashand
deposits 51.6 54.1 53.3 53.5 54.0 52.7 52.5 51.2 51.7 51.5
Bonds 2.8 2.8 2.7 2.4 2.2 1.9 1.7 1.5 1.4 1.4
Stocksand
otherequities 7.5 5.7 6.6 6.8 6.9 8.1 8.8 9.7 9.5 10.0
Investmenttrusts 4.3 3.2 3.9 4.0 3.8 4.4 4.7 5.4 5.2 5.4
Insuranceand
pensionreserves 30.8 31.3 30.6 30.4 30.3 30.1 29.5 29.3 29.3 28.8
Others 3.0 2.9 3.0 2.8 2.8 2.8 2.8 2.9 2.8 2.9
Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Notes:1.Bondsincludetrustbeneficiaryrights.
2.DatapublishedonJune27,2017.
Source:BankofJapan
Composition of Household Financial Assets
Statistical Data
(Corporatetype) （％）
Fiscal year 2012 2013 2014 2015
Depositsandsavings 38.3 37.7 35.0 35.6
Insurance(life/non-life) 20.6 19.5 18.6 18.8
Domesticequityfund 12.0 12.5 13.6 12.5
Domesticixedincomefund 5.2 5.0 5.0 5.7
Globalequityfund 6.2 7.0 7.8 6.9
Globalixedincomefund 4.2 4.3 4.4 4.3
Balancedtypefund 12.0 12.5 13.6 13.8
Others 1.5 1.4 1.9 2.5
Total 100.0 100.0 100.0 100.0
Note:NumbersaggregatedbasedondatamanagedbyRecordKeepingInstitutions.(SBIBenefitSystemsCo.,Ltd.,SompoJapanNipponkoaDCSecuritiesInc., JapanInvestorSolutions&TechnologiesCo.,LTD.,NIPPONRECORDKEEPINGNETWORKCo.,Ltd.)
Source:LiaisonCouncilforOperationalManagementInstitution
Composition shift of assets managed in DC (Deined Contribution) plans
(Individualtype) （％）
Fiscal year 2014 2015
Depositsandsavings 38.8 38.9
Insurance(life/non-life) 25.9 26.8
Domesticequityfund 11.4 10.9
Domesticixedincomefund 2.7 3.1
Globalequityfund 6.5 6.0
Globalixedincomefund 3.1 3.1
Balancedtypefund 9.2 8.9
Others 2.3 2.4
Total 100.0 100.0
Note:Numbersaggregatedbasedondatamanagedbyrecordkeepingcompanies.(SBIBenefitSystemsCo.,Ltd.,SompoJapanNipponkoaDCSecuritiesInc., JapanInvestorSolutions&TechnologiesCo.,LTD.,NIPPONRECORDKEEPINGNETWORKCo.,Ltd.)
Source:LiaisonCouncilforPlanAdministrators
Status of DC (Deined Contribution)
(Billionyen)
Fiscal year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Corporatetype 142 540 1,172 2,207 2,962 3,434 3,696 4,497 5,014 6,000 6,796 7,720 9,074 9,566
Individualtype 7 23 50 116 191 261 314 431 525 609 743 910 1,102 1,215
Notes:1.Numbersaggregatedbasedondatamanagedbyrecordkeepingcompanies.(SBIBenefitSystemsCo.,Ltd.,SompoJapanNipponkoaDCSecurities Inc.,JapanInvestorSolutions&TechnologiesCo.,LTD.,NIPPONRECORDKEEPINGNETWORKCo.,Ltd.)
2.NumbersforCorporatetypeDCsasofFY2002endandFY2003enddonotincludenumbersfromSompoJapanNipponkoaDCSecurities.Inc.
Source:LiaisonCouncilforPlanAdministrators
Statistical Data
（単位：社）
End of FY 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Regular
Members 281 266 267 289 308 317 321 305 293 285 261 255 254 256 261 Nolessthan￥50
milliontolessthan
￥200million 49 49 50 55 51 51 51 50 44 43 41 40 39 39 44
Nolessthan￥200 milliontolessthan
￥300million 13 11 11 14 20 19 21 19 14 13 15 15 18 18 17
Nolessthan￥300 milliontolessthan
￥1billion 79 76 76 88 99 102 103 96 96 92 80 75 75 73 72
Nolessthan￥1 billiontolessthan
￥3billion 37 37 38 36 37 45 46 45 45 41 37 38 35 39 39
Nolessthan￥3 billiontolessthan
￥5billion 14 14 15 15 19 21 23 23 26 26 25 23 24 27 29
Nolessthan￥5 billiontolessthan
￥10billion 15 13 14 14 15 17 17 19 19 19 19 18 17 16 18
Nolessthan￥10
billion 27 26 25 27 35 33 33 28 26 29 28 30 31 31 31
Foreignsecurities
irms 47 40 38 40 32 29 27 25 23 22 16 16 15 13 11
Enrollments 18 8 7 30 33 22 25 10 12 9 5 5 5 10 11
Withdrawals,
etc. 27 23 6 8 14 13 21 26 24 17 29 11 6 8 6
Changes －9 －15 1 22 19 9 4 －16 －12 －8 －24 －6 －1 2 5
Notes:1.Theamountinthebreakdownforthenumberofmemberfirmsshowstheclassificationofcapitalfordomesticsecuritiesfirms.
2.InApril2004,theminimumcapitalizationrequirementwasloweredfrom￥100millionto￥50million.
3.Withdrawals,etc.includesthedecreaseinthenumberofRegularMembersduetomergers,etc.
4.ThecompaniesthatwithdreweffectiveMarch31areincludedinthewithdrawalsofthenextfiscalyear.
Source:JapanSecuritiesDealersAssociation
End of FY 2015 2016
SpeciiedBusinessMembers 3 4
Notes:1.SpecifiedBusinessMembersarecompaniesthatengageonlyinbusinessfor1)over-the-counterderivativetransactionsthatarenotrelatedto securitiesandnotfinancialfutures,2)stock-basedcrowdfunding,or3)electronictransactionplatformforover-the-counterderivativetransactions.
2.EstablishedinMay2015.
Source:JapanSecuritiesDealersAssociation