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JAPAN: Japan plans new rates for benchmark to replace Libor by mid-2021 - BOJ
- Japan will aim to start releasing rates for a new benchmark that will replace
the London Interbank Offered Rate (Libor) by the middle of next year, Bank of
Japan Deputy Governor Masayoshi Amamiya said on Thursday. An entity that will
oversee the calculation of the new rates will be created soon, Amamiya said in a
speech. As a first step, the entity will release from around spring this year
"reference rates" for the new benchmark that will not be used for actual
transactions, he said.
- Link: https://tinyurl.com/rgu9qke