The Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks was established in August 2018 to conduct necessary deliberations with aims to facilitate market participants and interest rate benchmark users to appropriately choose and use Japanese yen interest rate benchmarks.
Terms of Reference and List of the Participants
Sub-Groups were established by the decision of the Committee under the Committee to conduct necessary deliberations by products or by themes drawing on the views of practitioners or experts.
Sub-Group on Loans
Sub-Group on Bonds
Sub-Group for the Development of Term Reference Rates
Study Group on Risk-Free Reference Rates
The Study Group on Risk-Free Reference Rates has conducted necessary deliberations on the identification of a Japanese yen nearly risk-free benchmark rate and usage of the rate since April 2015.