The Bank of Japan published the February 2026 results of its monthly Survey on Fails, summarising settlement fails in Japanese government bond (JGB) transactions and the use of buy-ins to resolve failed settlements. For February 2026, the survey recorded 13,205 fails with a total face value of JPY 16.0 trillion (160,417 in units of JPY 100 million), an average fail duration of 1.32 business days and a maximum duration of 24 business days. The release also reports 33 buy-ins. As reference, BOJ-NET JGB DVP (book-entry transfer) settlements totalled 614,863 transactions with a total face value of JPY 741.1 trillion (7,411,437 in units of JPY 100 million). The survey covers 245 institutions that are direct participants in the JGB book-entry system and users of BOJ-NET JGB DVP services.
Bank of Japan 2026-03-11
Bank of Japan releases February 2026 survey data on Japanese government bond settlement fails and buy-ins
The Bank of Japan released the February 2026 results of its Survey on Fails, detailing 13,205 settlement fails in Japanese government bond transactions with a total face value of JPY 16.0 trillion. The average fail duration was 1.32 business days, with a maximum of 24 days, and 33 buy-ins were reported. The survey includes data from 245 institutions participating in the JGB book-entry system and BOJ-NET JGB DVP services.