Japan

Issuing ESG bonds separately from conventional JGBs could make the process of borrowing money less efficient, said finance ministry official Masato Kanda.

The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

The Sony Life Insurance employee allegedly embezzled $155mn while working on liquidating the reinsurer's assets after it closed.

The new subsidiary will enable JPX to accelerate its work to diversify its businesses, advance the sophistication of its services, and improve market efficiency.

BOJ governor Haruhiko Kuroda discussed scenario analysis, sustainable finance, and enhanced disclosures.

Of the 259 TCFD-supporting companies surveyed, 42 had disclosures in all 11 TCFD categories; 36 did not have disclosures in any of the categories.

Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.

The FSA's Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.

A group of over 70 companies, banks, and organisations plans to bring a digital currency known as DCJPY into circulation in the second half of 2022.