Research and Studies

Home > Research and Studies > Alternative Data Analysis

Alternative Data Analysis

In recent years, on the back of innovation and advances in digital technologies, there has been greater utilization of "alternative data" -- that is, data on economic activity obtained from non-traditional sources and via new channels. Examples include high-frequency data such as mobility trends based on location data from mobile phones, text data such as words used in public documents or reports, and granular data related to financial markets or financial institutions. There has been rapid growth around the world in new businesses, as well as market and academic research, employing such data; the information value and use of alternative data are thus increasingly a focus of attention.

This page introduces analyses of alternative data conducted in the Bank of Japan, including various pieces of research using alternative data and data management.

Use of Alternative Data in the Bank of Japan's Research Activities (BOJ Review)

Real Economy

Research and Studies

Boxes in the Outlook for Economic Activity and Prices (Outlook Report)

Financial Market and Settlement

Research and Studies

Table : Research and Studies
Date Title
Aug. 22, 2022 Quantitative Analysis of Haircuts: Evidence from the Japanese Repo and Securities Lending Markets
Aug. 17, 2022 Impact of COVID-19 Turmoil on the Foreign Exchange Option Market: Evidence from the Japanese OTC Derivative Transaction Data
Dec. 27, 2021 Foreign Exchange Option Market through the Lens of OTC Derivative Transaction Data: Recent Market Developments
Dec. 21, 2021 A Network Analysis of the JGB Repo Market
Sep.  2, 2021 The Japanese Yen Interest Rate Swap Market Observed from OTC Derivative Transaction Data: the Impact of COVID-19 
May  26, 2021 Cross-Currency Swap Market through the Lens of OTC Derivative Transaction Data: Impact of COVID-19 and Subsequent Recovery 
Aug.  3, 2020 An Overview of Algorithmic Trading in Foreign Exchange Markets and Its Impacts on Market Liquidity 
Feb. 28, 2020 New Initiatives to Improve the Transparency of Securities Financing Markets in Japan: Publication of Statistics on Securities Financing Transactions in Japan 
Nov. 20, 2019 Monetary Policy Announcements and Algorithmic News Trading in the Foreign Exchange Market  (Link to the IMES website)
Nov. 20, 2018 Investment Patterns of Japanese Retail Investors in Foreign Exchange Margin Trading 
Mar. 29, 2018 Liquidity in the JGB Cash Market: An Evaluation from Detailed Transaction Data 
May   8, 2015 Liquidity in JGB Markets: An Evaluation from Transaction Data 
Apr. 28, 2015 Toward Further Development of the Repo Market 
Nov.  1, 2010 The Microstructure of Japan's Interbank Money Market: Simulating Contagion of Intraday Flow of Funds Using BOJ-NET Payment Data  (Link to the IMES website)

Financial System

Research and Studies