Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA's remit.
The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.
About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.
The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.
The 1.3 trillion yen emergency bond-buying operation to was aimed at stabilising the debt market given its recent volatility, the BOJ said.
Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.
Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but "very few" contracts incorporate fallback provisions.