JAPAN

Securities / Derivatives

TSE Urges Listed Firms to Reduce Lag for English Disclosures

By Thisanka Siripala | 28/01/2025

Listed companies are expected to take “proactive measures” to improve the scope, content and timing of English-language disclosures.

BOJ Raises Interest Rates to Highest Level in 17 Years

By Thisanka Siripala | 25/01/2025

BOJ Governor Kazuo Ueda said the rate hike aligns with the central bank’s efforts to maintain inflation at its 2% target over the medium term​.

Market Infrastructure

JSCC’s Transition to VaR Margin Models Has Improved Efficiency: JPX

By Manesh Samtani | 24/01/2025

The transition from SPAN to JSCC-VaR has improved risk management and margin efficiency for listed derivatives, but further refinements are needed.

Capital / Liquidity

Japan FSA Consults on Amendments to Bank Capital Rules

By Thisanka Siripala | 24/01/2025

The amendments adopt the July 2024 revisions to the IRRBB standard and revise the transitional provisions for FRTB’s Profit and Loss Attribution test.

Enforcement

Japan FSA Suspends Audit Firm for Six Months for Misconduct

By Thisanka Siripala | 22/01/2025

The FSA said Aska Audit Corporation had weak audit quality controls, fabricated audit records and that its leadership lacked professional ethics

Enforcement

Mizuho Stops Accepting New Safe Deposit Box Customers

By Thisanka Siripala | 22/01/2025

The decision comes after an MUFG employee was arrested for stealing customers’ assets, putting the industry under heightened scrutiny

AML / KYC

Japan FSA Offers Guidance on Validating AML Effectiveness

By Thisanka Siripala | 22/01/2025

New discussion paper emphasises the importance of continuous validation to ensure AML/CFT measures remain effective against evolving risks

Enforcement

Former MUFG Bank Manager Arrested for Safe Deposit Box Thefts

By Thisanka Siripala | 18/01/2025

The former employee has reportedly admitted to the thefts, citing significant financial losses from FX trading and horse racing bets as her motive.

Crypto / Digital Assets

US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts

By Thisanka Siripala | 17/01/2025

North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says