Japan central government debt falls to 1,323 trillion yen

Japan's central government debt stood at 1,323.4 trillion yen at the end of September, down 23.3 trillion yen from the end of June, as a 25.5 trillion yen runoff in financing bills outweighed another rise in long-term bonds.

Why it matters: The quarterly stock figure is the balance sheet behind the super-long auction pressure on the same morning: bond issuance keeps shifting out of bills and into long maturities even as the headline total falls.

Data as of Japan Ministry of Finance, Central Government Debt as of September 30, 2026, released November 10, 2026 and read in full in this run; the ministry is the source of record for the debt stock. Developing item.

Japan’s Ministry of Finance put central government debt at 1,323.4 trillion yen at September 30, down 23.3 trillion yen from the end of the previous quarter and 20.5 trillion yen below the end of the last fiscal year. Government bonds accounted for 1,214.8 trillion yen of the total, up 3.1 trillion yen on the quarter, with long-term bonds rising 5.4 trillion yen while fiscal investment and loan program bonds fell.

The decline in the headline total came from the short end: financing bills fell 25.5 trillion yen on the quarter to 68.9 trillion yen, and borrowings fell 0.9 trillion yen. Government-guaranteed debt fell 1.1 trillion yen to 26.3 trillion yen.

Japan central government debt falls to 1,323 trillion yen

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