# Construction of Domain-specified Japanese Large Language Model for Finance through Continual Pre-training

arXiv: https://arxiv.org/abs/2404.10555 · HTML: https://mlsanity.com/paper/2404.10555/

## Key facts

- Cited by 3 papers in the map (data through 14 Oct 2026).
- Builds on 27 of its 43 references that are in the map.
- First posted on arXiv 16 Apr 2024.

## Builds on (most cited first, 27 of 27)

- [Attention Is All You Need](https://mlsanity.com/paper/1706.03762/) (2017)
- [BERT: Pre-training of Deep Bidirectional Transformers for Language Understanding](https://mlsanity.com/paper/1810.04805/) (2018)
- [Language Models are Few-Shot Learners](https://mlsanity.com/paper/2005.14165/) (2020)
- [GPT-4 Technical Report](https://mlsanity.com/paper/2303.08774/) (2023)
- [LoRA: Low-Rank Adaptation of Large Language Models](https://mlsanity.com/paper/2106.09685/) (2021)
- [LLaMA: Open and Efficient Foundation Language Models](https://mlsanity.com/paper/2302.13971/) (2023)
- [Llama 2: Open Foundation and Fine-Tuned Chat Models](https://mlsanity.com/paper/2307.09288/) (2023)
- [Direct Preference Optimization: Your Language Model is Secretly a Reward Model](https://mlsanity.com/paper/2305.18290/) (2023)
- [PaLM: Scaling Language Modeling with Pathways](https://mlsanity.com/paper/2204.02311/) (2022)
- [Deep reinforcement learning from human preferences](https://mlsanity.com/paper/1706.03741/) (2017)
- [Finetuned Language Models Are Zero-Shot Learners](https://mlsanity.com/paper/2109.01652/) (2021)
- [Distributed Representations of Words and Phrases and their Compositionality](https://mlsanity.com/paper/1310.4546/) (2013)
- [Deep contextualized word representations](https://mlsanity.com/paper/1802.05365/) (2018)
- [BLOOM: A 176B-Parameter Open-Access Multilingual Language Model](https://mlsanity.com/paper/2211.05100/) (2022)
- [Don't Stop Pretraining: Adapt Language Models to Domains and Tasks](https://mlsanity.com/paper/2004.10964/) (2020)
- [SciBERT: A Pretrained Language Model for Scientific Text](https://mlsanity.com/paper/1903.10676/) (2019)
- [PaLM 2 Technical Report](https://mlsanity.com/paper/2305.10403/) (2023)
- [LIMA: Less Is More for Alignment](https://mlsanity.com/paper/2305.11206/) (2023)
- [BloombergGPT: A Large Language Model for Finance](https://mlsanity.com/paper/2303.17564/) (2023)
- [Med-BERT: pre-trained contextualized embeddings on large-scale structured electronic health records for disease prediction](https://mlsanity.com/paper/2005.12833/) (2020)
- [FinGPT: Open-Source Financial Large Language Models](https://mlsanity.com/paper/2306.06031/) (2023)
- [Rephrasing the Web: A Recipe for Compute and Data-Efficient Language Modeling](https://mlsanity.com/paper/2401.16380/) (2024)
- [Instruct-FinGPT: Financial Sentiment Analysis by Instruction Tuning of General-Purpose Large Language Models](https://mlsanity.com/paper/2306.12659/) (2023)
- [Construction of a Japanese Financial Benchmark for Large Language Models](https://mlsanity.com/paper/2403.15062/) (2024)
- [llm-japanese-dataset v0: Construction of Japanese Chat Dataset for Large Language Models and its Methodology](https://mlsanity.com/paper/2305.12720/) (2023)
- [JMedLoRA:Medical Domain Adaptation on Japanese Large Language Models using Instruction-tuning](https://mlsanity.com/paper/2310.10083/) (2023)
- [From Base to Conversational: Japanese Instruction Dataset and Tuning Large Language Models](https://mlsanity.com/paper/2309.03412/) (2023)

## Built on by (most cited first, 3 of 3)

- [MiST: Understanding the Role of Mid-Stage Scientific Training in Developing Chemical Reasoning Models](https://mlsanity.com/paper/2512.21231/) (2025)
- [Ebisu: Benchmarking Large Language Models in Japanese Finance](https://mlsanity.com/paper/2602.01479/) (2026)
- [Reading the News: Adapting Large Language Models to Swedish Journalism Through Continued Pre-Training](https://mlsanity.com/paper/2608.30609/) (2026)

## Abstract (arXiv)

Large language models (LLMs) are now widely used in various fields, including finance. However, Japanese financial-specific LLMs have not been proposed yet. Hence, this study aims to construct a Japanese financial-specific LLM through continual pre-training. Before tuning, we constructed Japanese financial-focused datasets for continual pre-training. As a base model, we employed a Japanese LLM that achieved state-of-the-art performance on Japanese financial benchmarks among the 10-billion-class parameter models. After continual pre-training using the datasets and the base model, the tuned model performed better than the original model on the Japanese financial benchmarks. Moreover, the outputs comparison results reveal that the tuned model's outputs tend to be better than the original model's outputs in terms of the quality and length of the answers. These findings indicate that domain-specific continual pre-training is also effective for LLMs. The tuned model is publicly available on Hugging Face.