What is 'Gen-Saki'

A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is a medium for government bonds, in the Japanese market only, to be reissued and resold at the new rate. Gen-Saki is available to both corporations and financial institutions.

Explaining 'Gen-Saki'

When setting the Gen-Saki rate, the yen London interbank offered rate is heavily considered as it accurately reflects the deposit market rate.

Further Reading

Monetary policy in the wake of financial liberalisation
www.oecd-ilibrary.org [PDF]
… interest differential narrowed for Australia and New Zealand, as their programs of financial liberalization admitted … increased slightly over cer tain subperiods in Japan and Canada, but the economic magnitudes were … Menzie Chinn: Department of Economics, Crown College …

The Japanese financial system: Past, present, and future
www.tandfonline.com [PDF]
… interest differential narrowed for Australia and New Zealand, as their programs of financial liberalization admitted … increased slightly over cer tain subperiods in Japan and Canada, but the economic magnitudes were … Menzie Chinn: Department of Economics, Crown College …

Competition and the transition of finance in Japan and the United States
www.sciencedirect.com [PDF]
… interest differential narrowed for Australia and New Zealand, as their programs of financial liberalization admitted … increased slightly over cer tain subperiods in Japan and Canada, but the economic magnitudes were … Menzie Chinn: Department of Economics, Crown College …

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