But that’s only the case if politicians and society focus all their efforts not on preserving the status quo, but on striking a balance between old and new.” 7 What that also means is that government needs to make sure that policymaking doesn’t encroach too much on corporate decision-making, such as when the topic of new equity investments is on the table.
Alternative interest rate benchmarks to LIBOR Now, let me briefly explain what options are available for alternative benchmarks to yen LIBOR (Chart 2). There are three options available in Japan. One of the options is TIBOR, which I mentioned earlier.