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TRIBOR, or Tokyo Interbank Offered Rate, is a benchmark interest rate at which financial institutions in Japan lend to one another in the short-term interbank market. It reflects the average rate that banks expect to pay for unsecured loans over various maturities, typically ranging from one week to one year. TRIBOR serves as a reference for various financial products, including loans and derivatives, and is an important indicator of market liquidity and credit conditions in Japan.
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