Construction of a Japanese Financial Benchmark for Large Language Models

Masahiro Hirano

Joint Workshop of the 7th Financial Technology and Natural Language Processing (FinNLP), the 5th Knowledge Discovery from Unstructured Data in Financial Services (KDF), and The 4th Workshop on Economics and Natural Language Processing (ECONLP), May 20, 2024

Conference

Abstract

With the recent development of large language models (LLMs), models that focus on certain domains and languages have been discussed for their necessity. There is also a growing need for benchmarks to evaluate the performance of current LLMs in each domain. Therefore, in this study, we constructed a benchmark comprising multiple tasks specific to the Japanese and financial domains and performed benchmark measurements on some models. Consequently, we confirmed that GPT-4 is currently outstanding, and that the constructed benchmarks function effectively. According to our analysis, our benchmark can differentiate benchmark scores among models in all performance ranges by combining tasks with different difficulties.

Keywords

Large Language Model; Benchmark; Finance; Japanese;

Paper

arXiv:2403.15062 (doi.org/10.48550/arXiv.2403.15062), ssrn.com/abstract=4769124 (doi.org/10.2139/ssrn.4769124)

bibtex

@inproceedings{Hirano2023-finnlpkdf,
  title={{Construction of a Japanese Financial Benchmark for Large Language Models}},
  author={Masahiro Hirano},
  booktitle={Joint Workshop of the 7th Financial Technology and Natural Language Processing (FinNLP), the 5th Knowledge Discovery from Unstructured Data in Financial Services (KDF), and The 4th Workshop on Economics and Natural Language Processing (ECONLP)},
  doi={10.2139/ssrn.4769124},
  archivePrefix={arXiv},
  arxivId={2403.15062},
  year={2024}
}