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The Financial Services Agency (FSA), together with the Bank of Japan (BOJ), conducted a joint survey of financial institutions, including banks, securities companies and insurance companies, regarding their use of LIBOR. The reference date of this survey is end-December 2022.
Financial institutions will be required to take actions for the transition away from USD LIBOR for which the publication will be ceased at end-June 2023 and that from synthetic LIBOR. Based on the results of this survey, the FSA and the BOJ will continue to monitor the progress in the transition, and require financial institutions to take necessary actions in light of the situation.
Key Results of the Survey on the Use of LIBOR (FSA and BOJ) - March 24, 2023
