Japan

CBDCs

BOJ Forms Committee to Lead CBDC Testing in April

By Sanday Chongo Kabange | 01/04/2021

The BOJ Liaison and Coordination Committee will share details and provide updates on the PoC with the private sector and the government.

Climate Risk

BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

By Manesh Samtani | 31/03/2021

Bank examinations will include assessments of efforts to address climate-related risks, and work is underway to identify possible approaches to climate-related scenario analysis.

Climate Risk

BOJ Considers Regulatory Changes to Address Climate Risk

By Editors | 28/03/2021

The BOJ is engaged in active dialogue with FIs on climate-related financial risks, with a view to formulating evidence-based revisions to financial regulations.

Trading & Investment

Cboe Global Markets to Acquire Chi-X Asia Pacific

By Sanday Chongo Kabange | 28/03/2021

The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.

Data Privacy

Line Pay to Bring Data Stored Overseas Back to Japan

By Sanday Chongo Kabange | 25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

Operational Risk

Japan FSA to Inspect Mizuho Over System Failures

By Ranamita Chakraborty | 24/03/2021

The FSA will consider whether to take disciplinary action such as issuing a business improvement order against the bank.

Trading & Investment

BOJ Scraps ETF Buying Target, Tweaks Yield Curve Controls

By Editors | 22/03/2021

The BOJ is scrapping its JPY 6 trillion annual target for buying ETFs, but will keep the JPY 12 trillion annual ceiling. The BOJ now owns about 7% of the Japanese equity market.

Payments & Settlements

Japan Banks Finalise Decision to Lower Interbank Transfer Fees

By Editors | 22/03/2021

Effective from 1 October, interbank money transfer fees will be lowered to JPY 62 per transaction, the first reduction in 40 years.

Operational Risk

JBA Issues Guidance in Response to Mizuho Glitches

By Editors | 15/03/2021

Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.