(Tentative translation)

Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks

Minutes for the March 11, 2021 Meeting

(by written resolution)

In consideration of the announcements made by ICE Benchmark Administration (IBA) and the Financial Conduct Authority (FCA) on March 5, 2021, the Financial Services Agency (FSA) and Bank of Japan (BOJ) have jointly released "Response to the announcement on the end date of LIBOR panel publication and the announcement on the intention to consult on the publication of synthetic yen LIBOR" (hereinafter referred to as the "joint letter by the FSA and BOJ") on March 8, 2021.

The Secretariat proposed that the Committee would publish its view on the joint letter by the FSA and BOJ, which had been prepared by the chair and the vice-chair and confirmed by the members of the Committee. The members approved this proposal.1

1https://www.boj.or.jp/en/paym/market/jpy_cmte/cmt210311c.pdf

Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks

Attendance for the March 11, 2021 Meeting

(Members)

Chair

MUFG Bank

GODA Kenichiro

Vice Chair

Nomura Securities

NONOMURA Shigeru

Mizuho Bank

KOBAYAKAWA Motomu

Sumitomo Mitsui Banking Corporation

ORIHARA Takashi

Bank of Yokohama

ARAI Tomoki

North Pacific Bank

TAKAHASHI Kazuhiro

Deutsche Bank

MORITA Shigeki

Daiwa Securities

INADA Yuichiro

Goldman Sachs

TAGUCHI Kengo

Morgan Stanley MUFG Securities

EZUKA Takeshi

Japan Post Bank

ICHIKAWA Tatsuo

The Norinchukin Bank

CHIBA Yuji

Shinkin Central Bank

TANAKA Hiroyuki

Nippon Life Insurance Company

OKAMOTO Shinichi

Tokio Marine Holdings

NIKKAWA Shinya

Daiwa Asset Management

KOMIYA Tsutomu

Mitsubishi Corporation

OKAWARA Makoto

Mitsui Fudosan

TOGASHI Retsu

East Japan Railway Company

OONISHI Hidemaro

Mitsubishi UFJ Lease & Finance

TOMINAGA Osamu

Nippon Telegraph

and

Telephone

NAKAYAMA Kazuhiko

Corporation

(Observers)

JBA TIBOR Administration

KOYAMA Hirotaka

International Swaps

and

Derivatives

MORITA Tomoko

Association

Financial Law Board

TOTSUKA Takaharu

(Attorney-at-Law)

Tokyo Financial Exchange

SEO Ryosuke

Japan Securities Clearing Corporation

KANEKO Takahiko

Japanese Bankers Association

TAKAHASHI Tetsuo

Japan Securities Dealers Association

NISHIMURA Yoshiko

Financial Services Agency

NOBUMORI Takehiro

Bank of Japan

INAMURA Yasunari

Bank of Japan

CHIBA Makoto

Bank of Japan

YOSHIMURA Haruka

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Bank of Japan published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 07:07:07 UTC.