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Update on "Roadmap to Prepare for the Discontinuation of Japanese Yen LIBOR"

April 16, 2021
Financial Markets Department
Bank of Japan

The Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks, today, updated "Roadmap to Prepare for the Discontinuation of Japanese Yen LIBOR" [PDF 151KB].

Based on "Report from the Sub-Group for the Development of Term Reference Rates," [PDF 276KB] meeting material for the Mar. 26, 2021 Meeting, the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks added a transition plan for interest rate swaps referencing Japanese yen LIBOR and maturing after the end of 2021 to the "Roadmap to Prepare for the Discontinuation of Japanese Yen LIBOR."

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