Japan

Clearing & Post-Trade

JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries

By Editors | 31/01/2023

The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.

Stablecoins

Japan FSA to Permit Foreign Issued Stablecoins by Early June

By Editors | 30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

CBDCs

BOJ Examines Use of Privacy Enhancing Technologies for CBDC

By Mark Johnston | 29/01/2023

A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.

Supervision & Enforcement

JFSA, ECB Agree to Cooperate on Banking Supervision

By Editors | 25/01/2023

The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.

Market Risk

BOJ Seeks Greater Control Over Yield Curve With Rule Change

By Editors | 19/01/2023

Under the revised rules, the BOJ can provide FIs both fixed and variable-rate loans across a range of tenors up to 10 years.

Anti-Money Laundering

AML Effectiveness Requires Risk Awareness, Quality Data: JFSA

By Bradley Maclean | 10/01/2023

The FSA’s Daisuke Mamba and Hiroshi Ozaki discuss the regulator’s approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.

Emerging Prudential Risks

Japan Insurance Gap to Limit LNG Flow from Russia

By Sanday Chongo Kabange | 04/01/2023

Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.

Stablecoins

Japan Relaxing Rules on Stablecoins, Token Listings

By Editors | 03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

Reporting & Disclosures

Japan FSA Issues Draft Supervisory Guidelines for ESG Funds

By Editors | 21/12/2022

The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.