The Bank of Japan has released its Basic Figures on Fails for August 2026. The total face value of fails in August was 7,411,437 million yen, with an average duration of 1.27 business days. The number of fails was 24, and the longest duration was 6,311,808 business days. The total face value of buy-ins was 596,777 million yen, with an average duration of 1.23 business days. The survey covers financial institutions and some other types of institutions that are direct participants in the JGB book-entry system and also users of the BOJ-NET JGB DVP services. For JGB book-entry transfers, data include those settled via system participants' own accounts, customers' accounts, and trust accounts. A fail is a situation where a recipient of JGBs in a transaction does not receive the JGBs from the delivering party on the scheduled settlement date. A buy-in is a procedure for settling a failed transaction, which includes purchasing either the same or equivalent securities at the market price in accordance with regulations laid down by the JSDA or the JSCC. The data is based on a monthly survey of 244 institutions as of the end of July 2026. The Bank of Japan releases these figures to provide information on the fails and buy-ins in the JGB market, which can help market participants and economists understand the dynamics of the market. The data can be used to analyze the efficiency and stability of the JGB market, as well as the effectiveness of the fails and buy-ins procedures. The Bank of Japan's release of these figures is part of its efforts to promote transparency and stability in the financial markets. The data is available on the Bank of Japan's website, and it is used by market participants, economists, and researchers to analyze the JGB market and make informed decisions. The total face value of DVP settlement of JGBs (book-entry transfers) was 18,846,214 million yen, with an average duration of 1.19 business days. The number of DVP settlement of JGBs (book-entry transfers) was 7,028,463, with a total face value of 23,483,450 million yen. The data also shows that the total face value of fails in August was 7,411,437 million yen, which is a decrease from the previous month. The average duration of fails was 1.27 business days, which is also a decrease from the previous month. The data suggests that the JGB market is becoming more efficient and stable, with a decrease in the number and duration of fails. However, the data also shows that there are still some fails and buy-ins in the market, which can have an impact on the stability and efficiency of the market. Overall, the data provides valuable insights into the dynamics of the JGB market and can be used to inform decisions and policies. The Bank of Japan's release of these figures is an important step in promoting transparency and stability in the financial markets. The data is a key indicator of the health and stability of the JGB market, and it is closely watched by market participants and economists. The Bank of Japan's efforts to promote transparency and stability in the financial markets are crucial for maintaining confidence and stability in the market. The data is also used by researchers and analysts to study the JGB market and make predictions about future trends and developments. The Bank of Japan's release of these figures is a significant contribution to the understanding of the JGB market and its dynamics. The data provides a comprehensive overview of the fails and buy-ins in the JGB market, which can be used to analyze the efficiency and stability of the market. The Bank of Japan's efforts to promote transparency and stability in the financial markets are essential for maintaining confidence and stability in the market. The data is a valuable resource for market participants, economists, and researchers, and it is an important step in promoting transparency and stability in the financial markets.