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  "domain": "derivatives",
  "title": "Nikkei 225 VI — Japan equity volatility index",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Nikkei 225 VI — Japan equity volatility index",
    "aliases": [
      "nikkei-vix-jpx-vi-equivalent",
      "JPX-VI",
      "Nikkei VIX",
      "Nikkei 225 Volatility Index",
      "日経平均ボラティリティー・インデックス",
      "日経VI",
      "Japan VIX equivalent",
      "Nikkei implied volatility index",
      "derivatives/nikkei-vix-and-volatility"
    ],
    "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",
      "equity-vol",
      "volatility-index",
      "Nikkei-225-VI",
      "Nikkei-225",
      "options",
      "futures",
      "BOJ"
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    "status": "active",
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    "related": [],
    "note": null,
    "sources": [
      "https://indexes.nikkei.co.jp/en/nkave/index/profile?idx=nk225vi",
      "https://indexes.nikkei.co.jp/nkave/archives/news/20250120E_2.pdf",
      "https://www.jpx.co.jp/english/derivatives/products/vi/225-vi-futures/01.html",
      "https://www.jpx.co.jp/english/equities/products/etfs/issues/01.html",
      "https://www.jpx.co.jp/english/equities/products/etns/issues/01.html",
      "https://www.cboe.com/tradable-products/vix",
      "https://www.boj.or.jp/en/mopo/mpmdeci/index.htm",
      "https://www.mof.go.jp/english/policy/international_policy/reference/feio/index.html",
      "https://www.fsa.go.jp/en/"
    ]
  },
  "summary": "The index itself is a reference value, while OSE lists Nikkei 225 VI Futures on it. Those futures are therefore a direct listed route to the index's future level; trading the underlying Nikkei 225 option strip and bilateral volatility derivatives are separate routes.",
  "headings": [
    "Nikkei 225 VI — Japan equity volatility index",
    "TL;DR",
    "Wiki route",
    "Why Nikkei 225 VI matters",
    "Index methodology",
    "Term structure",
    "Comparison to Cboe VIX",
    "ETF and ETN verification",
    "Event-study boundary",
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