The reasons for this proposal are that the methodology for setting the reference interest rate and

Reference rate is the interest rate that the lender uses as a base for calculating the interest rate on the loan. It is a market index or index that is calculated japanese legal system by the creditor specified by its methodology, which is available on the website of the lender. The reference rate is made public through the provision in electronic form including the website of the lender and the information is kept available to interested parties in accessible writing on the premises of the creditor
The reasons for this proposal are that the methodology for setting the reference interest rate and its change should be permanently available on the website of the financial institution. This ensures that each borrower will always have access to any changes without having to visit the office of the financial institution. Read more on this topic here: No similar topics Did article?
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