Japan

The FSA is looking to implement the data requirements specified by CPMI-IOSCO's CDE Technical Guidance "as much as possible".

The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

The TSE has been commissioned to develop Japan's first carbon credits market. Full-scale operations will be launched in FY2023-2024.

Three indices launched last month under the TSE's new market structure will be calculated every 15 seconds instead of the current once-a-day calculation.

Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.

Yields have stayed close to the upper limit of the BOJ’s tolerated trading band despite recent moves to boost its purchases of government bonds.

A survey of overseas authorities was conducted to inform the development of a "joint data platform" that will be used by both the FSA and BOJ.

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.