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Treasury International Capital · Japan

How much US debt does Japan hold?

On , Japan held $1,103.9 billion of US Treasury securities, down $12.8 billion from June 2026, first among the holders Treasury lists by country.

Last updated . This page normally updates every month; the latest update is late.

Japan's holdings of US Treasury securities at each month-end

Every month-end since 317 months

Japan's holdings of US Treasury securities at each month-end, 31 Mar 2000 to 31 Jul 2026
Japan's holdings of US Treasury securities at each month-end, 31 Jul 2016 to 31 Jul 2026
Japan's holdings of US Treasury securities at each month-end, 31 Jul 2024 to 31 Jul 2026

Japan's holdings at the end of July 2026 against earlier months

The latest in greenEach bar from zero

Japan's holdings at the end of July 2026 and in earlier months July 2026: $1.10T; June 2026: $1.12T; July 2025: $1.16T; Highest, November 2021: $1.33T; Lowest, September 2001: $293B July 2026 $1.10T June 2026 $1.12T July 2025 $1.16T Highest, November 2021 $1.33T Lowest, September 2001 $293B Japan's holdings at the end of July 2026 and in earlier months July 2026: $1.10T; June 2026: $1.12T; July 2025: $1.16T; Highest, November 2021: $1.33T; Lowest, September 2001: $293B July 2026 $1.10T June 2026 $1.12T July 2025 $1.16T Highest, November 2021 $1.33T Lowest, September 2001 $293B

Each point is one month-end; pointing at the chart shows its date and holdings. Every month is under "The numbers behind the chart".

Select a line to followLatest:

  • Share of all foreign holdings11.9%
Inspect and compare dates

The latest month-end beside the month before it and the nearest month-ends one, five and ten years earlier.

MeasureLatestThe month beforeA year earlierFive years earlierTen years earlier
Month
Holdings, $ billion1,103.91,116.71,155.41,310.21,154.6

The table scrolls sideways; the first column stays in place.

Observed .

Right now

Japan held $1,103.9 billion at the end of July 2026, $221.6 billion less than at its peak in November 2021.

Its holdings were down $12.8 billion from June 2026 and down $51.5 billion from July 2025, 11.9% of all foreign holdings.

See every country Treasury lists

The largest of the 20 countries Treasury lists

Highest and lowest

Its highest month-end was November 2021, at $1,325.5 billion; its lowest September 2001, at $292.9 billion.

See every month-end

Understanding these holdings

Where it stands today

Japan held $1,103.9 billion at the end of July 2026, 11.9% of all foreign holdings.

Where do these numbers come from?

Treasury's TIC system reports holdings of US Treasury bills, notes and bonds by residents of each country at the end of each month.

Read more

Treasury revises earlier months each year after its annual survey; this page shows the figures as Treasury publishes them now.

What these figures cannot tell

  • Holdings are attributed to the country of the holder or of its custodian, so a country's figure can include securities that residents of other countries own.

The numbers behind the chart

What did Japan hold at each month-end?Japan's holdings, newest first
Japan's holdings at each month-end, newest first ($ billion)
MonthHoldings
1,103.9
1,116.7
1,143.1
1,209.9
1,191.6
1,239.3
1,225.3
1,185.5
1,202.7
1,200.0
1,189.3
1,183.9
Show 305 more rows
MonthHoldings
1,155.4
1,154.8
1,142.8
1,140.9
1,135.1
1,130.3
1,079.3
1,061.5
1,087.1
1,101.5
1,095.5
1,106.0
1,093.5
1,091.4
1,106.0
1,126.1
1,167.0
1,147.6
1,140.6
1,115.3
1,127.5
1,098.2
1,086.4
1,115.5
1,111.8
1,104.1
1,096.1
1,125.8
1,086.6
1,080.7
1,102.9
1,075.1
1,081.8
1,064.4
1,116.4
1,196.0
1,230.7
1,232.7
1,219.9
1,215.0
1,229.0
1,303.0
1,299.9
1,300.8
1,325.5
1,320.4
1,299.6
1,319.7
1,310.2
1,279.7
1,266.2
1,276.8
1,240.5
1,258.0
1,276.9
1,251.3
1,260.8
1,273.1
1,276.2
1,278.4
1,293.0
1,261.6
1,260.4
1,266.5
1,272.6
1,268.6
1,211.8
1,155.2
1,160.6
1,168.5
1,146.2
1,174.6
1,131.2
1,122.8
1,101.0
1,064.0
1,078.1
1,068.8
1,064.9
1,039.7
1,036.6
1,018.5
1,028.0
1,029.9
1,035.5
1,032.5
1,048.9
1,031.8
1,044.4
1,060.1
1,066.0
1,061.6
1,084.1
1,094.0
1,096.0
1,101.7
1,113.3
1,090.3
1,111.5
1,106.9
1,120.7
1,115.7
1,102.5
1,090.8
1,108.6
1,131.9
1,136.4
1,144.0
1,154.6
1,147.1
1,133.2
1,142.8
1,137.1
1,133.2
1,123.6
1,122.4
1,144.9
1,149.2
1,177.1
1,197.0
1,200.8
1,197.1
1,214.9
1,215.9
1,224.7
1,224.4
1,238.6
1,230.9
1,241.5
1,222.4
1,221.8
1,230.1
1,219.0
1,219.3
1,220.1
1,209.7
1,200.2
1,210.8
1,201.4
1,182.5
1,186.4
1,174.4
1,178.1
1,149.1
1,135.4
1,083.3
1,103.7
1,112.7
1,114.3
1,105.5
1,103.9
1,111.2
1,117.7
1,131.9
1,128.5
1,120.9
1,119.8
1,108.4
1,107.2
1,087.9
1,080.4
1,088.6
1,080.8
1,058.1
1,066.2
1,006.2
984.0
906.7
884.9
881.5
912.4
906.7
908.1
890.4
886.0
882.3
875.9
873.6
860.8
832.4
817.2
799.9
784.8
793.8
783.3
768.2
765.2
765.7
754.3
742.9
747.9
727.5
720.9
708.2
677.2
685.9
686.7
661.9
634.8
626.0
625.2
629.6
617.5
630.3
637.6
628.0
575.3
588.8
597.4
583.3
585.6
579.9
589.6
601.8
591.9
595.8
620.6
622.9
615.0
614.6
611.4
616.4
627.2
622.9
615.9
618.1
618.1
623.5
614.9
614.7
636.1
639.4
639.0
656.4
653.4
670.0
667.9
667.6
672.8
670.0
669.4
667.1
686.8
688.2
681.6
680.8
679.5
689.9
693.1
692.3
698.9
699.4
675.4
666.6
666.4
651.8
645.3
613.2
582.6
550.8
531.1
507.7
491.2
471.4
463.1
461.0
441.4
401.8
399.3
391.1
385.0
378.1
374.9
373.1
373.8
364.6
361.8
349.2
317.8
314.6
312.6
311.9
310.6
317.9
315.4
314.5
292.9
293.1
295.3
300.8
306.7
305.9
307.1
312.5
312.3
317.7
321.7
317.7
317.3
317.8
319.6
318.8
319.4
322.4
307.6
How do the latest holdings compare with earlier months?The holdings and the change since
Japan's holdings at the end of July 2026 against earlier months ($ billion)
Compared withHoldingsChange since
June 20261,116.7−12.8
July 20251,155.4−51.5
Highest, November 20211,325.5−221.6
Lowest, September 2001292.9+811.0
Which other countries does Treasury list?19 countries
When are the figures from?

Observed .

Page updated