Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.
Prime Minister Shinzo Abe unveiled on Thursday a plan to expand Japan’s financing for infrastructure projects in Asia to $110 billion, as China spearheads a new regional investment bank.
Japan’s parliament approved a government proposal to appoint Waseda University Prof. Yutaka Harada to the Bank of Japan’s Policy Board and other government-sought appointments at public bodies.
Japan and South Korea have agreed to end their 14-year-old currency swap arrangement this month.
The Financial Services Agency plans to allow businesses to procure small amounts of funding from the general public by issuing shares online.
Taiwan will study the possibility of launching a cross-border stock trading scheme with Japan in a bid to boost internationalization of the local bourse, said the country's top financial regulator.
New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.
Japan’s ruling Liberal Democratic Party will urge government to establish “super regional banks” to help revitalize the economy during the nation's unorthodox bid to beat deflation.
The Financial Services Agency of Japan and the US Commodity Futures Trading Commission sign a memorandum of cooperation on supervision of regulated entities.
Japanese financial authorities decline to take responsibility for the crypto-currency.