Cross-border claims / JPN
Japan
The banks located here, whoever owns them, held $5.10T of cross-border claims outstanding in Q4 2025: 11.09% of the world total that quarter, the 3rd largest of the reporting systems active in it. Its series in the BIS locational statistics runs from Q4 1977 to Q4 2025.
Claims outstanding, Q4 1977–Q4 2025
Total cross-border claims of the banks located here, USD trillions, quarterly. Nominal dollars: movements mix changes in positions with changes in the dollar value of non-dollar books, and this BIS cut carries no adjusted-change series to separate them.
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C, amounts outstanding), reporting country JPN vs all counterparties (5J), quarterly, 1977-Q4 to 2025-Q4. License:free with “Source: BIS” attribution. Methodology
Who these banks lend to
Every counterparty country BIS publishes for this system in Q4 2025: 109 of them, $5.05T in total, which is 99.1% of its published all-countries total. The five largest counterparties are 76% of the named book. 45 of the 109 borrowers are themselves reporting systems in this dataset and link through to their own book; the other 64 appear here only as borrowers.
| # | Counterparty | Claims | Share of named book | Q1 2008 | Change |
|---|---|---|---|---|---|
| 1 | USA United States | $2.27T | 45.0% | $769.41B | +195% |
| 2 | CYM Cayman Islands | $738.15B | 14.6% | $246.07B | +200% |
| 3 | GBR United Kingdom | $453.76B | 9.0% | $387.71B | +17% |
| 4 | FRA France | $204.30B | 4.0% | $141.28B | +45% |
| 5 | LUX Luxembourg | $157.23B | 3.1% | $86.81B | +81% |
| 6 | DEU Germany | $120.69B | 2.4% | $150.34B | −20% |
| 7 | SGP Singapore | $110.89B | 2.2% | $101.55B | +9% |
| 8 | AUS Australia | $102.50B | 2.0% | $50.88B | +101% |
| 9 | IRL Ireland | $85.45B | 1.7% | $43.19B | +98% |
| 10 | CAN Canada | $79.85B | 1.6% | $38.27B | +109% |
| 11 | HKG Hong Kong SAR | $65.33B | 1.3% | $78.57B | −17% |
| 12 | NLD Netherlands | $61.79B | 1.2% | $54.70B | +13% |
| 13 | ITA Italy | $61.38B | 1.2% | $50.58B | +21% |
| 14 | CHN China | $53.46B | 1.1% | $18.13B | +195% |
| 15 | ESP Spain | $47.46B | 0.9% | $25.89B | +83% |
| 16 | IND India | $37.80B | 0.7% | $11.61B | +225% |
| 17 | BEL Belgium | $36.93B | 0.7% | $36.06B | +2% |
| 18 | PAN Panama | $33.43B | 0.7% | $30.66B | +9% |
| 19 | CHE Switzerland | $32.07B | 0.6% | $34.39B | −7% |
| 20 | KOR Korea | $27.19B | 0.5% | $23.71B | +15% |
| 21 | JEY Jersey | $26.93B | 0.5% | $19.21B | +40% |
| 22 | TWN Chinese Taipei | $22.24B | 0.4% | $6.37B | +249% |
| 23 | THA Thailand | $20.23B | 0.4% | $5.66B | +258% |
| 24 | BMU Bermuda | $20.00B | 0.4% | $14.57B | +37% |
| 25 | IDN Indonesia | $18.28B | 0.4% | $5.54B | +230% |
| 26 | SWE Sweden | $13.78B | 0.3% | $11.75B | +17% |
| 27 | DNK Denmark | $12.95B | 0.3% | $10.02B | +29% |
| 28 | MEX Mexico | $11.73B | 0.2% | $3.94B | +198% |
| 29 | AUT Austria | $10.04B | 0.2% | $8.07B | +25% |
| 30 | NZL New Zealand | $9.21B | 0.2% | $4.70B | +96% |
| 31 | MYS Malaysia | $9.20B | 0.2% | $4.08B | +126% |
| 32 | VNM Vietnam | $8.79B | 0.2% | $649M | +1255% |
| 33 | FIN Finland | $8.63B | 0.2% | $5.72B | +51% |
| 34 | BRA Brazil | $8.15B | 0.2% | $10.45B | −22% |
| 35 | ARE United Arab Emirates | $7.73B | 0.2% | $2.57B | +200% |
| 36 | POL Poland | $7.64B | 0.2% | $5.10B | +50% |
| 37 | SAU Saudi Arabia | $7.08B | 0.1% | $1.70B | +316% |
| 38 | NOR Norway | $5.92B | 0.1% | $12.03B | −51% |
| 39 | ISR Israel | $5.58B | 0.1% | $316M | +1666% |
| 40 | PRT Portugal | $5.05B | 0.1% | $2.46B | +105% |
| 41 | PHL Philippines | $3.99B | 0.1% | $3.74B | +7% |
| 42 | LBR Liberia | $2.55B | 0.1% | $1.56B | +63% |
| 43 | ZAF South Africa | $2.49B | 0.0% | $2.24B | +11% |
| 44 | RUS Russia | $2.45B | 0.0% | $4.24B | −42% |
| 45 | QAT Qatar | $2.39B | 0.0% | $192M | +1143% |
| 46 | CHL Chile | $1.89B | 0.0% | $545M | +246% |
| 47 | KWT Kuwait | $1.81B | 0.0% | $84M | +2051% |
| 48 | TUR Türkiye | $1.29B | 0.0% | $3.33B | −61% |
| 49 | HUN Hungary | $1.19B | 0.0% | $1.32B | −10% |
| 50 | GGY Guernsey | $1.08B | 0.0% | $4.84B | −78% |
| 51 | EGY Egypt | $802M | 0.0% | $471M | +70% |
| 52 | CUW Curaçao | $766M | 0.0% | n/a | n/a |
| 53 | GRC Greece | $637M | 0.0% | $7.43B | −91% |
| 54 | CZE Czechia | $618M | 0.0% | $603M | +2% |
| 55 | ROU Romania | $512M | 0.0% | $95M | +439% |
| 56 | COL Colombia | $500M | 0.0% | $1.30B | −62% |
| 57 | MMR Myanmar | $458M | 0.0% | $8M | +5628% |
| 58 | PER Peru | $369M | 0.0% | $861M | −57% |
| 59 | URY Uruguay | $360M | 0.0% | $509M | −29% |
| 60 | BHS The Bahamas | $318M | 0.0% | $1.10B | −71% |
| 61 | KAZ Kazakhstan | $280M | 0.0% | $394M | −29% |
| 62 | PAK Pakistan | $269M | 0.0% | $242M | +11% |
| 63 | UZB Uzbekistan | $268M | 0.0% | $31M | +764% |
| 64 | SVN Slovenia | $232M | 0.0% | $4M | +5712% |
| 65 | ARG Argentina | $212M | 0.0% | $1.89B | −89% |
| 66 | OMN Oman | $206M | 0.0% | $358M | −43% |
| 67 | CIV Côte d'Ivoire | $201M | 0.0% | $5M | +3912% |
| 68 | NGA Nigeria | $191M | 0.0% | $12M | +1493% |
| 69 | MAR Morocco | $159M | 0.0% | $95M | +67% |
| 70 | BHR Bahrain | $157M | 0.0% | $676M | −77% |
| 71 | TTO Trinidad and Tobago | $134M | 0.0% | $68M | +98% |
| 72 | IMN Isle of Man | $132M | 0.0% | $1.04B | −87% |
| 73 | BGR Bulgaria | $86M | 0.0% | $87M | −1% |
| 74 | KEN Kenya | $76M | 0.0% | $114M | −33% |
| 75 | SVK Slovakia | $73M | 0.0% | $12M | +506% |
| 76 | CRI Costa Rica | $71M | 0.0% | $130M | −45% |
| 77 | JOR Jordan | $64M | 0.0% | $53M | +21% |
| 78 | SRB Serbia | $54M | 0.0% | $84M | −35% |
| 79 | VEN Venezuela | $54M | 0.0% | $1.06B | −95% |
| 80 | ECU Ecuador | $53M | 0.0% | $230M | −77% |
| 81 | UKR Ukraine | $43M | 0.0% | $369M | −88% |
| 82 | PNG Papua New Guinea | $42M | 0.0% | $60M | −30% |
| 83 | LKA Sri Lanka | $39M | 0.0% | $61M | −36% |
| 84 | LTU Lithuania | $37M | 0.0% | n/a | n/a |
| 85 | TZA Tanzania | $33M | 0.0% | $5M | +552% |
| 86 | HRV Croatia | $30M | 0.0% | $354M | −92% |
| 87 | EST Estonia | $29M | 0.0% | n/a | n/a |
| 88 | LVA Latvia | $27M | 0.0% | $46M | −41% |
| 89 | ISL Iceland | $27M | 0.0% | $601M | −96% |
| 90 | SEN Senegal | $20M | 0.0% | $3M | +555% |
| 91 | LBY Libya | $18M | 0.0% | $2M | +821% |
| 92 | AZE Azerbaijan | $12M | 0.0% | $21M | −42% |
| 93 | JAM Jamaica | $8M | 0.0% | $35M | −77% |
| 94 | GAB Gabon | $8M | 0.0% | $40M | −80% |
| 95 | ARM Armenia | $7M | 0.0% | n/a | n/a |
| 96 | LBN Lebanon | $7M | 0.0% | $82M | −92% |
| 97 | ZMB Zambia | $6M | 0.0% | n/a | n/a |
| 98 | NPL Nepal | $4M | 0.0% | $2M | +101% |
| 99 | GEO Georgia | $3M | 0.0% | n/a | n/a |
| 100 | TKM Turkmenistan | $2M | 0.0% | $5M | −58% |
| 101 | KGZ Kyrgyz Republic | $2M | 0.0% | n/a | n/a |
| 102 | IRQ Iraq | $2M | 0.0% | $68M | −97% |
| 103 | BOL Bolivia | $1M | 0.0% | $1M | +0% |
| 104 | DZA Algeria | $0.79M | 0.0% | $9M | −91% |
| 105 | FJI Fiji | $0.58M | 0.0% | $2M | −71% |
| 106 | LAO Laos | $0.39M | 0.0% | n/a | n/a |
| 107 | YEM Yemen | $0.29M | 0.0% | $11M | −97% |
| 108 | IRN Iran | $0.29M | 0.0% | $640M | −100% |
| 109 | ALB Albania | $0.20M | 0.0% | n/a | n/a |
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C), reporting country JPN vs each individual counterparty country, 2025-Q4, with the same cell at 2008-Q1 where it exists. License:free with “Source: BIS” attribution. Shares are of the sum of this reporter's named counterparty cells, not of its published total, because the two differ. Change is in the nominal USD stock and is not a flow. n/a means the cell does not exist at the earlier date, which is not the same as zero. Methodology
These are residence figures, so this page covers every bank booking here, foreign-owned subsidiaries and branches included, and excludes the foreign books of banks headquartered here but booking abroad. For the other side of the ledger, how much the world’s banks lend to this economy, see its counterparty page. The methodology gives the exact BIS selection behind every figure here.