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IPS177 Sayako K. M. et al.
up to 2 years; 2 years up to 5 years; 5 years to 10 years; and more than 10
years), the private vendor data are used as an alternative data source of
the BIS IDSS. It is noted that since the BIS IDSS has fewer number of
sectoral classifications than those of the DGI-2 template, the same
composition ratio is applied to the sub-sectors with that of their parent
sector.

2.3 Result
This section presents some (Chart 1) Proportion of debt securities by issuer
features revealed from tentative
results.
Looking at the overall
picture of domestic debt
securities issued by residents,
the general government issued
bonds have the largest
proportion, more than 70% of
7
the total amount, followed by NFC: Non-financial corporations, ODC: Other deposit-
the bonds issued by other taking corporations,
OFC: Other financial corporations, GG: General
financial corporations and non- government,
financial corporations (Chart 1). ICPF: Insurance corporations and pension funds
Major issuers in other financial (Chart 2) Proportion of domestic currency
corporations include public issuer
captive financial institutions such
as Japan Expressway Holding and
Debt Repayment Agency, and
government financial institutions
8
such as the Japan Housing
Finance Agency.

The proportion of domestic currency issues in Chart 2 shows that more
than 90% of the total debt securities are denominated in domestic currency.

7 If government bonds issued by the Special Account of Fiscal Investment and Loan Program
Fund (classified in OFCs) were added to the general government issues, the share would be
increased up to about 80%.
Public captive financial institutions are defined in the FFA as entities which raise funds only
8
from specific sources such as government and do not plan to raise funds from markets, as well
as those organizations which raise funds from markets but only invest in a limited group of
destinations or operations.
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