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Regular Derivatives Market Statistics in Japan at end-June 2022

September 9, 2022
Bank of Japan
Financial Markets Department

The Bank of Japan has released "Regular Derivatives Market Statistics in Japan (end-June 2022)."

The summary of the results is as follows.

1. Derivatives outstanding

(1) Notional amounts outstanding

The notional amounts outstanding of derivatives transactions by major Japanese financial institutions at end-June 2022 were equivalent to 63.2 trillion U.S. dollars for over-the-counter (OTC) contracts, and 7.5 trillion U.S. dollars for exchange-traded contracts, decreasing by 2.6 percent and increasing by 73.3 percent, respectively, from the previous survey as of end-December 2021.

(2) Amounts outstanding in market value

The gross positive and negative market values of OTC derivatives contracts increased by 69.0 percent to 783.0 billion U.S. dollars, and by 71.5 percent to 809.6 billion U.S. dollars, respectively.

2. Breakdown by currency

With regard to IR contracts of OTC derivatives, those for the U.S. dollar and the euro increased from end-December 2021, while those for the Japanese yen decreased. As for FX contracts of OTC derivatives, those for the U.S. dollar, the Japanese yen, and the euro all decreased.

3. Breakdown by counterparty

With regard to IR contracts of OTC derivatives and credit derivatives, transactions with "Reporting dealers" increased from end-December 2021, while those with "Other financial institutions (of which: CCPs)" (CCPs) decreased. As for FX contracts of OTC derivatives, transactions with "Reporting dealers" decreased from end-December 2021, while those with CCPs increased.

4. Breakdown by remaining maturity

With regard to both IR contracts and FX contracts of OTC derivatives, transactions of "One year or less" and of "Over five years" decreased from end-December 2021, while those of "Over one year and up to five years" increased. Regarding credit derivatives, transactions of "One year or less" and of "Over one year and up to five years" increased from end-December 2021, while those of "Over five years" decreased.