Last month, the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks held a meeting to discuss and deliver feedback from a public consultation on interest rate benchmark reform. The committee also discussed how to improve transparency in setting monetary policy by providing more information about the impact of changes made to monetary policy.
Last month, the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks held a meeting to discuss and deliver feedback from a public consultation on interest rate benchmark reform. The committee called for an acceleration of efforts to switch to RFRs and said that a task force would be established to provide practical support for the creation of term reference rates.