JAPAN

Crypto / Digital Assets

Japan Crypto Firms Call for Looser Margin Trading Restrictions

By Editors | 22/06/2023

An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.

AML / KYC

Japan Introduces New Tax Rules for Token Issuers

By Mark Johnston | 20/06/2023

The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.

Capital / Liquidity

Initial Margin Breaches Surged in March at JSCC JGB Division

By Editors | 20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Enforcement

Japan SESC Seeks Penalties Against Banks That Sold Risky Bonds

By Sanday Chongo Kabange | 12/06/2023

The SESC is asking the FSA to penalised Chiba Bank and its subsidiaries for selling high-risk structured bonds to novice investors.

ESG / Sustainability

Japan to Set Gender Diversity Target for TSE Prime Market

By Ranamita Chakraborty | 07/06/2023

TSE Prime Market companies will have to have at least one woman board member by 2025, and reach a 30 percent target by 2030.

ESG / Sustainability

Japan’s FSA to Issue First Guidelines on Impact Investing

By Mark Johnston | 06/06/2023

The guidelines will define novelty, effect, profitability, and disclosure as key requirements for impact investing.

Securities / Derivatives

Osaka Exchange Launches Six New Derivatives Products

By Manesh Samtani | 30/05/2023

Three ESG index futures products were launched, along with 3-month TONA Futures and two smaller size Nikkei 225 contracts.

Crypto / Digital Assets

BOJ Publishes Findings from Phase 2 of CBDC Study

By Manesh Samtani | 29/05/2023

The second phase of the CBDC project evaluated additional functions building upon the basic CBDC ledger functions explored in the first phase.

Market Infrastructure

DTCC, Nomura Partner to Enhance Post-Trade Efficiency in Japan

By Mark Johnston | 25/05/2023

Through the collaboration, DTCC and Nomura Research Institute will streamline and enhance the post-trade process, enabling shorter settlement times and increased efficiency.