Benchmark or product
Tokyo Overnight Average Rate (TONA)TONA
The uncollateralized overnight interbank call rate administered by the Bank of Japan serving as the primary risk-free benchmark for JPY derivatives.
Updated
Coverage of Tokyo Overnight Average Rate (TONA)
2 articles
BOJ & Yen Rates
BOJ 1.25% Policy Rate, 10Y JGB Yield Curve & TSE PBR Governance Reform Breakdown (2026)
The Bank of Japan holds its policy rate at 1.25% (Source: BOJ, 2026-09-19) while 10-year JGB yields trade at 2.89% and 94.2% of TSE Prime issuers execute PBR capital plans.
APAC Semiconductor Capex
APAC AI Semiconductor Capex (TSMC & SK Hynix) and MAS S$6.5B EQDP Capital Flows (2026)
TSMC raised 2026 capex to $62.0 billion (Source: TWSE Filing, 2026-10-15) while MAS deployed S$5.4 billion under its S$6.5 billion EQDP institutional equity mandate.
Other entities
10-Year (2.89%) & 30-Year (3.89%) Japanese Government Bond (JGB) CurveJGB-10Y-30Y-CURVEJP10-Year (2.89%) & 30-Year (3.89%) Japanese Government Bond (JGB) Curve — 2026 StandardJGB-10Y-30Y-CURVE-STDJPBank of Japan 1.25% Overnight Call Rate & Monetary Normalization PathBOJ-125-CALL-RATEJPBank of Japan 1.25% Overnight Call Rate & Monetary Normalization Path — 2026 StandardBOJ-125-CALL-RATE-STDJPBank of Japan Outright JGB Purchase Tapering (¥2.9 Trillion / Month)BOJ-QT-TAPER-29TJPBank of Japan Outright JGB Purchase Tapering (¥2.9 Trillion / Month) — 2026 StandardBOJ-QT-TAPER-29T-STDJP