Japan

Trading & Investment

TOCOM Seeks Market Makers for Electricity Futures Contracts

By Sanday Chongo Kabange | 07/09/2020

The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

Trading & Investment

Tokyo Stock Exchange to Pilot Test RFQ Functionality

By Editors | 01/09/2020

The initiative is aimed at making ETF trading more efficient by connecting institutional investors, securities companies, and market makers more closely.

Structural Regulation

CSRC Approves Daiwa for Majority Owned Securities Joint Venture

By Editors | 31/08/2020

Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.

Structural Regulation

Japan FSA to Ease Administrative Procedures for Foreign Entrants

By Editors | 30/08/2020

The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

Liquidity Risk

BOJ Has Effectively Paid Banks to Lend to Businesses – Report

By Editors | 18/08/2020

In April, the BOJ started offering banks a 0.1% interest rate if they used a new lending facility to lend to SMEs. Banks have shown record lending in recent months.

Payments & Settlements

Opening the Zengin System Could Reshape Japan’s Payments Landscape

By Ryoji Kashiwagi | 11/08/2020

Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.

Structural Regulation

Japan Proposes Mid-2021 Cut-off on New LIBOR Loans, Bonds

By Manesh Samtani | 10/08/2020

Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.

Structural Regulation

Japan Amends Rules to Lure Hong Kong Fund Managers

By Sanday Chongo Kabange | 05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Trading & Investment

Tokyo Commodity Exchange Proposes Trading Rule Revisions

By Editors | 29/07/2020

TOCOM plans to revise its trading rules to coincide with the launch of a next-gen derivatives trading system known at J-GATE 3.0 in Q3 2021.