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Money Market

日本語

The Bank is committed to enhancing the market infrastructure in cooperation with market participants in order to improve the functioning and stability of financial markets in Japan.

Information on issues regarding the functioning of financial markets and the Bank of Japan's actions in 2007 is available in the Chapter III of the Financial Markets Report (Developments during the Second Half of 2007). In addition to the reports and releases on this page, the Repo Market Forum, Study Group of Market Participants, and Tokyo Repo Rate are also available.

Tokyo Money Market Survey

Basic Information

Compilation section:
Market Infrastructure Division, Financial Markets Department
Respondents:
Eligible institutions for the Bank of Japan's money market operations as well as other major participants in the money market (voluntary basis)
Frequency of compilation:
Annually (survey will be conducted in July and August)
Survey items:
The items include amount outstanding in the money market and perceptions of market participants on the functioning of the money market
Timing of release:
The results will be released in October
Method of release:
The Bank of Japan's web site

Releases

Table : Releases
Date Title
Dec.  8, 2023 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2023) -- 
Nov. 25, 2022 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2022) -- 
Dec. 10, 2021 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2021) -- 
Dec. 18, 2020 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2020) -- 
Nov. 29, 2019 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2019) -- 
Nov. 30, 2018 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2018) -- 
Nov. 22, 2017 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2017) -- 
Nov. 25, 2016 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2016) -- 
Nov. 20, 2015 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2015) -- 
Nov. 20, 2014 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2014) -- 
Feb. 28, 2014 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2013) -- 
May  15, 2013 Trends in and Challenges for the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2012) -- 

Meeting on Market Operations

Table : Meeting on Market Operations
Date Title
Feb. 26, 2024 Summary of the "Meeting on Market Operations" (February 2024) [PDF 138KB]
Jan. 15, 2024 Notice of the "Meeting on Market Operations" [PDF 136KB]
Oct. 13, 2023 Summary of the "Meeting on Market Operations" (October 2023) [PDF 136KB]
Sept.  8, 2023 Notice of the "Meeting on Market Operations" [PDF 142KB]
Feb. 20, 2023 Summary of the "Meeting on Market Operations" (February 2023) [PDF 142KB]
Jan. 19, 2023 Notice of the "Meeting on Market Operations" [PDF 140KB]
Oct. 14, 2022 Summary of the "Meeting on Market Operations" (October 2022) [PDF 141KB]
Sept. 12, 2022 Notice of the "Meeting on Market Operations" [PDF 140KB]
Feb. 21, 2022 Summary of the "Meeting on Market Operations" (February 2022) [PDF 142KB]
Oct. 18, 2021 Summary of the "Meeting on Market Operations" (October 2021) [PDF 142KB]
Feb. 22, 2021 Summary of the "Meeting on Market Operations" (February 2021) [PDF 142KB]
Oct. 21, 2020 Summary of the "Meeting on Market Operations" (October 2020) [PDF 142KB]
Feb. 25, 2020 Summary of the "Meeting on Market Operations" (February 2020) [PDF 141KB]
Oct. 21, 2019 Summary of the "Meeting on Market Operations" (October 2019) [PDF 139KB]
Feb. 25, 2019 Summary of the "Meeting on Market Operations" (February 2019) [PDF 73KB]
Oct. 24, 2018 Summary of the "Meeting on Market Operations" (second round of 2018) [PDF 10KB]
Feb. 23, 2018 Summary of the "Meeting on Market Operations" (first round of 2018) [PDF 74KB]
Oct. 20, 2017 Summary of the "Meeting on Market Operations" (second round of 2017) [PDF 10KB]
Feb. 22, 2017 Summary of the "Meeting on Market Operations" (first round of 2017) [PDF 77KB]
Oct. 20, 2016 Summary of the "Meeting on Market Operations" (second round of 2016) [PDF 11KB]
Feb. 24, 2016 Summary of the "Meeting on Market Operations" (first round of 2016) [PDF 11KB]
Oct. 22, 2015 Summary of the "Meeting on Market Operations" (second round of 2015) [PDF 9KB]

Money Market

Table : Money Market
Date Title
Apr. 21, 2011 Review for Further Establishing Japan's Fails Practice -- Revisions in Market Practice Based on the Final Report of JSDA's Working Group on Fails -- 
July 27, 2007 Survey on Yen-OIS Market in May 2007 
Mar. 23, 2007 Arbitrage Activities between Offshore and Domestic Yen Money Markets since the End of the Quantitative Easing Policy 

Releases relating to the Money Market's Data

Table : Releases relating to the Money Market's Data
Date Title
Oct.  1, 2009 Discontinuation of the Updating of "Average Yields on Newly Issued Domestic Commercial Paper" 
Jan. 26, 2009 Statistics on "Average Yields on Newly Issued Domestic Commercial Paper": Succession and Joint Efforts to Enhance the Statistics with Japan Securities Depository Center 
Aug. 16, 2007 Release of the Time-Series Data of "BOJ Current Account Balances by Sector" 
Aug.  7, 2007 Release of the Time-Series Data of "Amounts Outstanding in the Uncollateralized Call Money Market by Term" 
June 14, 2007 Release of Data on BOJ Current Account Balances by Sector 
Apr.  9, 2007 Enhancing the publicly released projection of "Reserve Balances" 

Initiatives related to Interest Rate Benchmark Reform

Network of Practitioners on Interest Rate Benchmarks (From January 2024)

The Network of Practitioners on Interest Rate Benchmarks was established in January 2024 in order to continue sharing information on the use of interest rate benchmarks.

Cross-Industry Forum on Interest Rate Benchmarks (March 2022-December 2023)

The Cross-Industry Forum on Interest Rate Benchmarks was established following the reorganization of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks. The Forum provided opportunities to exchange opinions for a wide range of market participants and interest rate benchmark users, aiming to facilitate smooth transactions referencing Japanese yen interest rate benchmarks in the Japanese markets.

Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks (August 2018-February 2022)

The Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks conducted necessary deliberations with aims to facilitate market participants and interest rate benchmark users to appropriately choose and use Japanese yen interest rate benchmarks.

Study Group on Risk-Free Reference Rates (April 2015-March 2018)

The Study Group on Risk-Free Reference Rates conducted necessary deliberations on the identification of a Japanese yen nearly risk-free benchmark rate and usage of the rate.