Japan

Securities / Derivatives

MUFG Bank Secures China Interbank Bond Market Licence

By Editors | 16/06/2020

MUFG Bank’s wholly-owned China subsidiary has become the first Japanese bank – and the eight foreign bank overall – to win a Bond Settlement Agent licence.

Fintech / Regtech

JPX, JASDEC Select Use Cases to Test in DLT Project

By Editors | 04/06/2020

DLT will be tested to share fund, SSI, and corporate information; enhance compatibility among fund distribution networks; share stock borrowing and lending information.

Fintech / Regtech

Japan Megabanks to Collaborate on Cashless Payments

By Editors | 04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Market Infrastructure

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

By Editors | 01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Japan Banks Asked to Continue Lending as Stimulus Gets Green Light

By Editors | 31/05/2020

Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.

Capital / Liquidity

Japanese FIs to Be Granted Easier Access to State Aid

By Editors | 27/05/2020

Applicant financial institutions will no longer have to set profit targets as a condition for receiving state aid, and the 15-year repayment deadline will be scrapped.

Market Infrastructure

More Protectionist Regulatory Intervention on the Cards, Experts Warn

By Daniel Flatt | 25/05/2020

The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.

Capital / Liquidity

BOJ Targets Small Businesses with New Lending Facility

By Editors | 24/05/2020

The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.

Securities / Derivatives

Japan’s New Foreign Investment Rules Take Effect

By Manesh Samtani | 10/05/2020

While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.