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Toward Further Development of the Repo Market

Author

Listed:
  • Nobukazu Ono

    (Bank of Japan)

  • Kouga Sawada

    (Bank of Japan)

  • Akira Tsuchikawa

    (Bank of Japan)

Abstract

In money markets both inside and outside Japan, repos have been a major instrument in both borrowing and lending of cash and securities. With the recent global financial crisis in mind, discussions are taking place at international forums such as the G20 and the Financial Stability Board (FSB) on how to further increase the stability and transparency of repos and securities lending. Within Japan, it is vital to improve the efficiency of repos and speed up settlement even further, since there is demand for a facility that allows the rapid execution of same-day settlement of repos to shorten the Japanese government bond (JGB) settlement cycle. The Bank of Japan has been participating actively in these discussions and will continue to contribute, as the central bank, to further improvement of the stability and efficiency of repos and development of the repo market.

Suggested Citation

  • Nobukazu Ono & Kouga Sawada & Akira Tsuchikawa, 2015. "Toward Further Development of the Repo Market," Bank of Japan Review Series 15-E-4, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev15e04
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    File URL: http://www.boj.or.jp/en/research/wps_rev/rev_2015/data/rev15e04.pdf
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    Citations

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    Cited by:

    1. HORIKAWA Takumi & MATSUI Yujiro & GEMMA Yasufumi, 2021. "A Network Analysis of the JGB Repo Market," Bank of Japan Working Paper Series 21-E-14, Bank of Japan.
    2. Daiki Date & Keita Takemura & Haruko Kato, 2019. "Other financial corporations survey in Japan – compilation measures and recent features," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    3. Kazuya Suzuki & Kana Sasamoto, 2022. "Quantitative Analysis of Haircuts: Evidence from the Japanese Repo and Securities Lending Markets," Bank of Japan Working Paper Series 22-E-13, Bank of Japan.

    More about this item

    Keywords

    repo; securities lending;

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