- The use of synthetic Yen LIBOR will be restricted to tough legacy contracts and it will only be available for one year. Synthetic LIBOR should be considered as a potential “safety net”. Relevant parties should understand it is impossible to precisely replicate the value of the ordinary LIBOR with synthetic LIBOR
- Bank of Japan will continue to monitor the LIBOR transition progress and the use of synthetic LIBOR if it is published
- https://www.marketscreener.com/quote/stock/BANK-OF-JAPAN-103499263/news/Bank-of-Japan-nbsp-Response-to-the-announcement-on-the-end-date-of-LIBOR-panel-publication-and-the-32629105/
- https://www.boj.or.jp/en/announcements/release_2021/data/rel210308a.pdf
