KARIYA, Takeaki; DUFFIE, Darrell; FUJII, Mariko; … - East Asian Bureau of Economic Research (EABER) - 2007
With the introduction of the international accounting standards in Europe and dissemination of LDI (Liability Driven Investment) as a new investment standard, the investor demand for super-long end has been rising also in Japan. Under these circumstances, it is required that the Japanese...