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  "domain": "derivatives",
  "title": "ISDA 2020 IBOR Fallback Protocol — Japan implementation (TIBOR / TONA / JPY LIBOR)",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "ISDA 2020 IBOR Fallback Protocol — Japan implementation (TIBOR / TONA / JPY LIBOR)",
    "aliases": [
      "ISDA 2020 IBOR Fallback Protocol Japan",
      "ISDA Fallback Protocol JPY",
      "ISDA 2020 Protocol TIBOR",
      "ISDA Protocol JPY LIBOR fallback",
      "Japan ISDA IBOR transition",
      "JSDA 2024 documentation update",
      "TIBOR TONA fallback Japan",
      "Post-LIBOR JPY discontinuation",
      "derivatives/isda-2020-protocol-japan-implementation"
    ],
    "domain": "derivatives",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2027-01-29",
    "confidence": "likely",
    "tags": [
      "derivatives",
      "isda",
      "ibor-transition",
      "fallback-protocol",
      "jpy-libor",
      "tibor",
      "tona",
      "jsda",
      "fsa",
      "japan"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "ISDA 2020 IBOR Fallbacks Protocol — https://www.isda.org/protocol/isda-2020-ibor-fallbacks-protocol/",
      "ISDA benchmark-reform InfoHub — https://www.isda.org/?p=865907",
      "JBATA Euroyen TIBOR cessation statement — https://www.jbatibor.or.jp/english/news/tibor_18.html",
      "JBATA TIBOR reform page — https://www.jbatibor.or.jp/english/reform/",
      "BOJ Cross-Industry Committee — https://www.boj.or.jp/en/paym/market/jpy_cmte/index.htm",
      "FCA LIBOR wind-down decisions — https://www.fca.org.uk/markets/transition-libor/benchmarks-regulation-powers-policy-decision-making"
    ]
  },
  "summary": "The ISDA 2020 IBOR Fallbacks Protocol, published on 23 October 2020 and effective from 25 January 2021, lets adhering parties incorporate the IBOR Fallbacks Supplement into covered legacy non-cleared derivatives. For yen benchmarks, its Relevant IBOR scope includes JPY LIBOR, Japanese Yen TIBOR, and",
  "headings": [
    "ISDA 2020 IBOR Fallback Protocol — Japan implementation (TIBOR / TONA / JPY LIBOR)",
    "TL;DR",
    "Wiki route",
    "1. The ISDA 2020 Protocol — what it is",
    "2. The fallback rate architecture",
    "3. JPY LIBOR fallback specifics",
    "4. JPY LIBOR cessation timeline — the operational events",
    "5. Japanese Yen TIBOR and Euroyen TIBOR status",
    "6. Japanese market adherence",
    "7. Euroyen TIBOR transition in 2024"
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