According to Mizuho Bank, recently compiled statistics show that the total value of bonds traded in the Japanese market including cash and futures reached roughly USD $86 trillion.
It is widely believed that solid economic data and the end of the BOJ-ZIRP are largely responsible for the very active trading environment. According to other compiled statistics, it appears overseas investors have significantly stepped-up the year-on-year pace of JGB trading activity as the trend of economic expectations continues to evolve.