noun
variable interest rate government bonds
A type of Japanese government bond whose coupon rate is periodically adjusted based on market interest rates.
変動利付国債は金利変動リスクを軽減する手段として利用される。
Variable interest rate government bonds are used as a means to reduce interest rate fluctuation risk.
Compound of 変動 (variable), 利付 (interest-bearing), and 国債 (government bond).