Japan Treasury Holdings
Japan Holdings Timeline
Share of total foreign-held U.S. Treasury securities over time
Total Holding
$1185.5B
Current Share
13.8%
Peak Share
42.3%(Aug-2004)
Change from Peak
-28.4pp(-67%)
● PEAK: 42.3% in Aug-2004 ($699.4B)
● CURRENT: 13.8% in Dec-2025 ($1185.5B)
Source: U.S. Department of the Treasury (TIC System) • 311 monthly observations
Japan Holdings Overview
Historical analysis of U.S. Treasury holdings
Current Holdings
$1185.5B
Global Rank
#1
Share of Foreign Holdings
13.8%
Peak (Aug-2004)
42.3%
Historical Trend
Japan's holdings peaked at 42.3% in Aug-2004 ($699.4B). Current holdings are down to 13.8% ($1185.5B), signaling diversification away from U.S. Treasuries.
Change from peak: -28.4pp (-67%)
Historical Holdings Data
| Date | Holdings | Share | Rank |
|---|---|---|---|
| Dec-2025 | $1185.5B | 13.8% | #1 |
| Nov-2025 | $1202.7B | 13.9% | #1 |
| Oct-2025 | $1200.0B | 14.0% | #1 |
| Sep-2025 | $1189.3B | 13.9% | #1 |
| Aug-2025 | $1180.4B | 13.8% | #1 |
| Jul-2025 | $1151.8B | 13.6% | #1 |
| Jun-2025 | $1147.9B | 13.6% | #1 |
| May-2025 | $1135.0B | 13.6% | #1 |
| Apr-2025 | $1134.5B | 13.6% | #1 |
| Mar-2025 | $1130.8B | 13.5% | #1 |
| Feb-2025 | $1125.9B | 13.8% | #1 |
| Jan-2025 | $1079.3B | 13.7% | #1 |
| Dec-2024 | $1061.5B | 13.4% | #1 |
| Nov-2024 | $1087.1B | 13.5% | #1 |
| Oct-2024 | $1101.5B | 13.7% | #1 |
| Sep-2024 | $1095.5B | 13.5% | #1 |
| Aug-2024 | $1106.0B | 13.9% | #1 |
| Jul-2024 | $1093.5B | 14.0% | #1 |
| Jun-2024 | $1091.4B | 14.2% | #1 |
| May-2024 | $1106.0B | 14.7% | #1 |
| Apr-2024 | $1126.1B | 15.1% | #1 |
| Mar-2024 | $1167.0B | 15.5% | #1 |
| Feb-2024 | $1147.6B | 15.4% | #1 |
| Jan-2024 | $1140.6B | 15.4% | #1 |
| Dec-2023 | $1115.3B | 15.1% | #1 |
| Nov-2023 | $1127.5B | 15.8% | #1 |
| Oct-2023 | $1098.2B | 15.9% | #1 |
| Sep-2023 | $1086.4B | 15.7% | #1 |
| Aug-2023 | $1115.5B | 15.8% | #1 |
| Jul-2023 | $1111.8B | 15.8% | #1 |
| Jun-2023 | $1104.1B | 15.8% | #1 |
| May-2023 | $1096.1B | 15.8% | #1 |
| Apr-2023 | $1125.8B | 16.1% | #1 |
| Mar-2023 | $1086.6B | 15.7% | #1 |
| Feb-2023 | $1080.7B | 16.1% | #1 |
| Jan-2023 | $1102.9B | 16.2% | #1 |
| Dec-2022 | $1075.1B | 15.9% | #1 |
| Nov-2022 | $1081.8B | 16.0% | #1 |
| Oct-2022 | $1064.4B | 15.8% | #1 |
| Sep-2022 | $1116.4B | 16.3% | #1 |
| Aug-2022 | $1196.0B | 16.9% | #1 |
| Jul-2022 | $1230.7B | 17.4% | #1 |
| Jun-2022 | $1232.7B | 17.6% | #1 |
| May-2022 | $1219.9B | 17.4% | #1 |
| Apr-2022 | $1215.0B | 17.3% | #1 |
| Mar-2022 | $1229.0B | 17.1% | #1 |
| Feb-2022 | $1303.0B | 17.9% | #1 |
| Jan-2022 | $1299.9B | 17.9% | #1 |
| Dec-2021 | $1300.8B | 17.9% | #1 |
| Nov-2021 | $1325.5B | 18.4% | #1 |
Showing most recent 50 of 311 data points
Source: U.S. Department of the Treasury, Treasury International Capital (TIC) System
Data Range: Mar-2000 to Dec-2025 (311 monthly observations)