Description

This index, known as the FTSE Japanese Government Bond Index, is engineered to mirror the performance of debt instruments issued by the Japanese government and denominated in Japanese Yen. It spans a wide range of bond maturities, encompassing the entire yield curve, provided bonds have a remaining maturity of at least one year. To qualify for inclusion, individual bonds must typically have an outstanding value of at least ¥500 billion. However, for longer-dated bonds with maturities exceeding 20 years, this requirement is adjusted downwards to ¥450 billion. A 'float adjustment' is also applied, which means that bonds held by the Bank of Japan and those subject to Ministry of Finance buyback operations are excluded, ensuring that only actively traded securities are represented. For comprehensive information regarding the index's construction and the general methodology employed by FTSE Russell for its indices, please consult their official website: https://www.yieldbook.com/.