Japan

Crypto / Digital Assets

Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System

By Thisanka Siripala | 10/09/2024

The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.

Market Infrastructure

Japan Proposes to Allow Foreign Institutions to Handle Domestic Securities

By Thisanka Siripala | 08/09/2024

Under the proposed revision, international platforms can be used for trading and settling domestic securities, provided they meet specific criteria and are approved by regulators.

Securities / Derivatives

Korean and Japanese Regulators Agree to Strengthen Cooperation

By Thisanka Siripala | 08/09/2024

The FSC’s Kim Byung-hwan and FSA’s Hideki Ito committed to advancing bilateral cooperation in order to better respond to financial market volatility.

Japan FSA Urges Banks to Provide M&A Support to Corporate Clients

By Thisanka Siripala | 06/09/2024

The FSA is asking FIs to develop internal expertise to help guide businesses through mergers and acquisitions, including for post-merger integration.

Enforcement

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

Crypto / Digital Assets

Japan FSA Calls for Lower Taxes on Crypto for Individuals

By Thisanka Siripala | 05/09/2024

The FSA says gains from trading and investing in crypto should be taxed at a 20% flat rate, the same as traditional financial assets.

Securities / Derivatives

Japan’s MUFG Bank to Enter Electricity Futures Market

By Thisanka Siripala | 04/09/2024

New approvals from TOCOM and JSCC allow MUFG Bank to offer clients trade execution and clearing services in the electricity futures market.

Capital / Liquidity

Japan FSA to Strengthen Monitoring of Financial Institutions

By Thisanka Siripala | 04/09/2024

The FSA’s priorities include a stronger focus on corporate governance, risk management, and the asset management reforms.

Securities / Derivatives

Tokyo Bourse Secures New Partners for ‘TSE Asia Startup Hub’

By Nithya Subramanian | 03/09/2024

Malaysia’s VentureTECH is among the firms participating in the TSE initiative, which seeks to attract IPOs from across the region.