Overview and System of Local Government Bonds in Japan

Funds sources for Local Government Bonds

Local Government bonds are underwritten by the following funds sources:

  • Government(Fiscal Loan and Investment Program)
  • Japan Finance Organization for Municipalities(JFM)
  • Private sector (loans from banks and other financial institutions and publicly - offered bonds)

Some Local Governments also issue bonds in overseas markets.

Classification according to borrowers of Local Government Bonds

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