Japan

Cryptocurrency

Coinbase’s Exit From Japan Complicates Travel Rule Adoption

By Manesh Samtani | 07/02/2023

With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.

ESG Data

Japan Leads in ESG Governance but Pliant Rules a Letdown

By Hazel Ilango | 06/02/2023

While Japan’s code of conduct represents a key step forward, the “comply or explain” approach may hinder its effectiveness, writes the IEEFA’s Hazel James Ilango.

Reporting & Disclosures

Japan FSA Enhances Sustainability Disclosure Rules

By Editors | 03/02/2023

Companies will have to make more sustainability-related and gender-related disclosures for financial years ending on or after 31 March 2023.

Sustainable Finance

JPX Concludes Carbon Credit Market Demonstration Project

By Editors | 01/02/2023

The project was commissioned by METI in September last year to demonstrate the technical feasibility of a carbon credits market.

Trading & Investment

Tokyo Financial Exchange to Launch TONA Derivatives on 20 March

By Editors | 31/01/2023

TFX will launch 3-month TONA futures and related options contracts. The 6-month Euroyen LIBOR futures and O/N Call Rate futures contracts will be delisted.

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.