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Mutan rate

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Title: Mutan rate  
Author: World Heritage Encyclopedia
Language: English
Subject: Banking in Japan, SARON, Overnight rate, Interest rates, Finance
Collection: Banking in Japan, Finance, Interest Rates
Publisher: World Heritage Encyclopedia

Mutan rate

The Mutan interest rate is the Uncollateralised Overnight Call Rate in Japan. It is the reference rate for JPY overnight unsecured transactions in the Japanese market. It was launched in April 1996 and it is the main tool for the transmission of the Bank of Japan's monetary policy.


  • Publication 1
  • See also 2
  • References 3
  • External links 4


Bank of Japan publishes a provisional rate, rounded to three decimal places,[1] every business day around 17:15 JST (or 18:15 JST for the last business day of the month).[2] 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.[3]

See also


  1. ^ "Change in the smallest tick in uncollateralized overnight call rate".  
  2. ^ "Revision of the publication of "Uncollateralized overnight call rates (average)".  
  3. ^ "Release of the Data Related to the Bank's Operations and Uncollateralized Overnight Call Rate".  

External links

  • Bank of Japan
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