Publication of the “Statement on the end of Euroyen TIBOR (Publication of the Results of Public Consultation on permanent cessation of Euroyen TIBOR and related issues)” by JBA TIBOR Administration

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Summary:

On March 6, 2024, JBA TIBOR Administration (JBATA) announced the permanent cessation of all tenors of Euroyen TIBOR by the end of December 2024. The Financial Services Agency (FSA) expects market participants to take timely actions to transition away from Euroyen TIBOR, aiming for an orderly cessation of its publication. The FSA will also encourage financial institutions to take appropriate actions, considering the situation of transition away from contracts referencing Euroyen TIBOR and negotiations with customers. This decision is a result of the public consultation and previous announcements by JBATA and the FSA.

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