【Bank of Japan Releases Flow of Funds Statistics (Preliminary) for Q2 2025】
Survey Overview
The Bank of Japan released the Flow of Funds Statistics (preliminary) for the April-June 2025 period on September 18. These statistics comprehensively show the financial assets, liabilities, and financial transaction status of each economic sector, serving as crucial quarterly indicators for understanding money flows in the Japanese economy.
Fund Surplus/Deficit by Major Sector
The fund surplus/deficit for each sector in Q2 2025 (April-June period) was as follows:
Corporate Sector (Non-financial Corporations): 4.2246 trillion yen surplus (improvement from previous quarter)
- Private non-financial corporations: 4.8667 trillion yen surplus
- Public non-financial corporations: 642.1 billion yen deficit
Household Sector: 17.9252 trillion yen surplus (significant increase from previous quarter)
General Government: 11.5315 trillion yen deficit (improvement from previous quarter)
- Central government: 8.1402 trillion yen deficit
- Local governments: 959.5 billion yen surplus
- Social security funds: 1.8986 trillion yen surplus
Financial Institutions: 487.1 billion yen deficit
Overseas Sector: 6.8571 trillion yen deficit
Financial Assets and Liabilities Outstanding
Major outstanding balances as of end-June 2025:
- Household cash and deposits: 1,126.3123 trillion yen
- Corporate cash and deposits: 370.7687 trillion yen
- Government deposits: 105.1118 trillion yen
Year-on-Year Comparison
Household fund surplus increased significantly compared to the same period last year, while the corporate sector maintained solid fund surplus. Meanwhile, the government sector deficit showed improvement from the previous quarter.
These statistical results indicate changes in inter-sector money flows in the Japanese economy, reflecting increased household saving propensity and continued corporate internal fund accumulation. The reduction in government sector deficit represents a noteworthy trend in fiscal policy management.