Asia ex Japan bond markets consist of local-currency and USD-denominated government and corporate bonds issued by entities in Asia excluding Japan. The market is dominated by China (over 50% of local-currency indices), South Korea, Indonesia, Malaysia, Thailand, India, Singapore, and the Philippines. Key benchmarks are the Bloomberg Asia ex Japan USD Aggregate (for hard-currency bonds) and the Markit iBoxx ALBI or JPMorgan Asia Credit Index (JACI) for local-currency and USD credit bonds respectively.