![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxdr1UNhjSegkppPLo5TQ3MD-8Xy20e_3rI0nSS1Te_8IwII2Vlh4TR9t_hZlCzPVF4lBwQYZ6orYsnwulk18En12umgYPsO5wByWLQDAXWRwhN1Q1hSG3JPx2Atx7bejT-yDp13kDgjWY/s1600/japan.gif)
The
Japanese Bankers Association, the organisation responsible for the
TIBOR benchmark, has announced various changes to the manner in which the benchmark is calculated: see
here. The JBA is also considering various reforms, including the formation of an independent oversight committee to supervise the management and administration of TIBOR.
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