In other words, it was fully clarified that yen LIBOR, which had been used so widely, would no longer be available at the end of this year for sure. Now that the deadline for the transition is unarguably fixed, we only have less than seven months until the permanent cessation of yen LIBOR.
If we compare a series of events related to the LIBOR transition to a play, then we can say that the final act of the play, which originated in the manipulation scandal that came to light in 2012, has started with these official announcements of the cessation of LIBOR publication.