Mutan rate
The Mutan interest rate is the un-collateralized overnight call rate in Japan. It is the reference rate for JPY overnight unsecured transactions in the Japanese market. It was launched in July 1985[1] and it is the main tool for the transmission of the Bank of Japan's monetary policy. Mutan rate and TONA rate are the same things.
Publication
Bank of Japan publishes a provisional rate, rounded to three decimal places,[2] every business day around 17:15 JST (or 18:15 JST for the last business day of the month).[3] A final result is published the following business day around 10:00 JST. The results published contain weighted-average, highest, and lowest rate during the business day.[4]
See also
- EONIA
- SONIA
- SARON
- Federal funds rate
- Interbank lending market
References
- ^ BOJ's Main Time-series Statistics
- ^ "Change in the smallest tick in uncollateralized overnight call rate". Bank of Japan. September 6, 2001. Retrieved June 25, 2012.
- ^ "Revision of the publication of "Uncollateralized overnight call rates (average)". Bank of Japan. September 6, 2002. Retrieved June 25, 2012.
- ^ "Release of the Data Related to the Bank's Operations and Uncollateralized Overnight Call Rate". Bank of Japan. May 6, 2004. Retrieved June 25, 2012.
External links
- Bank of Japan
- v
- t
- e
- EIBOR
- Euribor
- EONIA
- €STR
- EURONIA
- Federal funds rate
- Helibor
- HIBOR
- JIBAR
- Pakistani KIBOR
- Ukrainian KIBOR
- Libor
- Indian MIBOR
- Russian MIBOR
- RIGIBOR
- SAIBOR
- SARON
- Shibor
- Singaporean SIBOR
- SOFR
- SONIA
- STIBOR
- TED spread
- TIBOR
- TIIE
- TONAR
- Mutan rate
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