4
$\begingroup$

Wikipedia defines TONAR as "Tokyo Overnight Average Rate".

The official Bank of Jappan website mentions TONA, rather than TONAR.

I suspect the two, TONAR and TONA, are in fact two terms referring to the same rate, but I just wanted to double check here: hoping for someone knowledgeable of the Japanese market to confirm.

$\endgroup$

1 Answer 1

4
$\begingroup$

This document from Japanese bank Mitsubishi UFJ states they are one and the same rate, see page 3 $-$ my emphasis:

TONAR (Tokyo Overnight Average Rate), the RFR for JPY also called TONA, is a pre-existing rate.

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.