SOFR Academy Welcomes Publication of Japanese AXI and FXI Feasibility Study in connection with Reference Rate Reform
Retrieved on:
Tuesday, September 12, 2023
The paper is a feasibility study of a Japanese version of Across-the-Curve Credit Spread Index (JPAXI) and the Financial Condition Credit Spread Index (JPFXI) accounting for specific features of the Japanese corporate bond market.
Key Points:
- The paper is a feasibility study of a Japanese version of Across-the-Curve Credit Spread Index (JPAXI) and the Financial Condition Credit Spread Index (JPFXI) accounting for specific features of the Japanese corporate bond market.
- I am very grateful to Professors Okimoto and Takaoka.”
The Japanese AXI and FXI feasibility study is available for download here and market participants can learn more about Japanese FXI and view related resources here . - These indices work in conjunction with the Secured Overnight Financing Rate (“SOFR”) and address concerns communicated by a group of American banks.
- The publication of the Japanese feasibility study complements studies for China and Europe .