Japan

Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.

Egypt has become the first country in the Middle East to issue samurai bonds in the Japanese market.

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm's equity division was also arrested.

Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.

Fines up to JPY 1 million and up to three years' imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.

Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia's invasion of Ukraine.

The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.

An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.