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IPS184 Kimiaki S. et al.
Breaking down the foreign [Chart 3] Foreign claims of Japanaese
claims in the CBS into (1) cross- banks (CBS)
border claims and (2) local claims < Trust accounts > < Banking accounts>
of overseas affiliates (Chart 3), the
cross-border claims from entities
located in Japan -- mainly debt
securities -- account for almost all
of the foreign claims held in a
trust-account basis. On the other
hand, on a banking-account basis,
cross-border claims account for
just less than 60 percent of foreign Notes: 1. The figures are end-of-year values,
claims, reflecting increased credit except for 2018 where end-June
values are used.
activity by overseas affiliates. 2. Ultimate risk basis.
Source: BOJ.
3. International comparison
using banking-account-based figures in Japan
This section provides an overview of international credit exposures held by
Japanese banks. We use the estimated banking-account-based figures in
Japan with the aforementioned procedure, and compare them with those of
other major nationalities whose reporting figures are based on banking
accounts.
First, examining foreign claims in the CBS, the outstanding amount has
recently been either more or less unchanged, or decreasing in many of the
banks of other major nationalities. By contrast, that of Japanese banks has
been rising substantially in recent years, standing at about 2.2 trillion U.S.
dollars as of end-March 2018, marking the fourth largest share (9 percent) in
the global market, following the United Kingdom, the United States, and
France (Charts 4 and 5). Evaluating the ratio of foreign claims to the total assets

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