NEW YORK & TOKYO, Sept 13 (Bernama-BUSINESS WIRE) — Today, SOFR Academy, an economic education and market information provider, welcomed the publication of the paper “Exploring feasibility of JPAXI and JPFXI” by Professor Tatsuyoshi Okimoto of Keio University and Professor Sumiko Takaoka of Seikei University, Tokyo, Japan.
The paper is a feasibility study of a Japanese version of Across-the-Curve Credit Spread Index (JPAXI) and the Financial Condition Credit Spread Index (JPFXI) accounting for specific features of the Japanese corporate bond market. The authors found that JPFXI presents a stable and reliable benchmark credit spread index for Japan.