Japan

Market Abuse

Japan FTC Probes Insurers for Alleged Cartel Conduct

By Mark Johnston | 21/12/2023

Japan’s FTC raided 22 locations of four major insurers and two insurance agencies over their alleged collusion on premium-setting.

Anti-Money Laundering

Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors

By Mark Johnston | 19/12/2023

The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.

Trading & Investment

JPX Prepares for New NISA Launch in 2024

By Mark Johnston | 19/12/2023

JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Payments & Settlements

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

PEPs & Sanctions

Japan to Ban Russian Diamonds in Latest Round of Sanctions

By Editors | 18/12/2023

Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.

Trading & Investment

Japan Unveils Policy Plan to Reform Asset Management Industry

By Manesh Samtani | 15/12/2023

The plan is based on proposals from an asset management task force that was formed to develop recommendations for the government.

Market Abuse

SBI Securities Accused of Manipulating Stock Prices – Reports

By Editors | 15/12/2023

SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.

Structural Regulation

Tokyo Bourse to Start Using Letters in Stock Codes

By Editors | 14/12/2023

All TSE listed securities are represented by 4-digit numbers. From 1 January 2024, letters will be used in stock codes for new listings.

CBDCs

Japan: Expert Panel Calls for CBDC Preparations to Start

By Editors | 14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.