Japan: stockholdings by investor type 2022

At the end of the fiscal year 2022, business corporations were the leading type of domestic investors in stocks in Japan, with stockholdings of around 145.7 trillion Japanese yen. Foreign investors' stockholdings amounted to 224.2 trillion yen.

Tokyo Stock Exchange

With a market capitalization of over 977 trillion Japanese yen and around 3.9 thousand constituents, the Tokyo Stock Exchange, operated by the Japan Exchange Group, is one of the largest stock exchanges in Asia and the world. In parallel to its reorganization in April 2022, a series of reforms were introduced to improve corporate governance of listed companies and make Japanese stocks more attractive to investors. Driven by global investors, the Nikkei 225 stock market index, Japan’s benchmark index, surpassed a 34 year-old record-high in February 2024.

Private investors

Stockholdings of individuals amounted to 131.26 trillion yen in fiscal 2022. Japanese households hold a comparably large share of assets in cash and deposits. According to estimates, around 11 percent of the population were stock owners and equity and investment trusts accounted for around 14 percent of the financial assets of households. To boost private investment in stocks and bonds, an amended version of Japan’s tax-exempt investment scheme, Nippon Individual Savings Account (NISA), was launched in January 2024.

Value of stockholdings in Japan from fiscal year 2013 to 2022, by type of investor (in trillion Japanese yen)

Characteristic	Individuals	Governments	Financial institutions	Pension trusts	Investment trusts	Insurance companies	Business corporations	Foreigners	Securities firms
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Release date

October 2023

More information

Region

Japan

Survey time period

fiscal years 2013 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

as of the end of each fiscal year; market value basis

Supplementary notes

Figures for all exchange-listed stocks excluding foreign stocks.

Governments: including central and regional governments.

Financial institutions: excluding pension trusts, investment trusts, and insurance companies.

Pension trusts: including investment assets of pension-related funds for which banks are appointed as trustees. Excluding public pension funds.

Treasury shares owned by listed companies are included under the type of investor in which the companies are categorized.

The survey comprised 3,927 common stocks out of 3,968 domestic companies listed on four stock exchanges (Tokyo, Nagoya, Fukuoka, and Sapporo) for which the accounting period falls within fiscal year 2022.

100 Japanese yen equal 0.67 U.S. dollars or 0.61 euros as of March 2024.

Values have been rounded.

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