Japan

The credit line is aimed at preventing a liquidity crunch after a scandal involving falsified proof of income and assets to approve loans resulted in mass withdrawals by depositors.

Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.

Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

Discussions aimed at creating an integrated exchange offering both securities and commodities to boost competitiveness and attract global participants.

Japan's financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.

Up to 40 brokerages face billions of yen in potential losses on over 100,000 retroactive trades they are duty-bound to make after trading was halted last week due to a connection failure.

Japanese banks face profitability pressures and asset risks, even as liquidity and capitalisation remain robust, the ratings agency said.

The bank was found to have extended inappropriate loans to businesses related to its founding members based on falsified proof of income and assets.

The FSA will conduct on-site inspections at financial institutions over the next 12 months, hoping to clean up its image with the FATF before it hosts the G20 summit next year.