The success of the orderly transition away from yen LIBOR relies on whether each of market participants will proceed with their own LIBOR transition plan in a 8  JFSA and the Bank of Japan (2021), "Key Results of the Survey on the Use of LIBOR." 10  steady and swift manner, with the use of tools available to them.
This publication pointed a way out from what appeared to be an intractable downward spiral of weakening economic activity, high inflation, low living standards, chronic unemployment and a level of emigration that was comparable to the birth rate.