Japan

Fintech / Regtech

BOJ Seeks Simple CBDC Design That Promotes Competition

By Editors | 17/10/2021

While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.

Fintech / Regtech

Tokyo Offers Subsidies to Foreign Firms in Green Finance

By Editors | 17/10/2021

The subsidies are available to foreign asset management and fintech companies working in the field of green finance who wish to start new businesses in Tokyo.

Market Infrastructure

JSCC Sets Date for Bulk Conversion of LIBOR Swaps

By Editors | 14/10/2021

Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

By Editors | 13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

ESG / Sustainability

Japan to Start Investing Foreign Reserves in ESG Bonds

By Sanday Chongo Kabange | 12/10/2021

Japan would become the first G7 government to use its foreign reserves for ESG investments, as it ramps up efforts to combat climate change.

ESG / Sustainability

Japan FSA to Mandate Climate Disclosures from April 2022 – Report

By Ranamita Chakraborty | 11/10/2021

Companies listed on the TSE’s ‘Prime’ market will be required to comply with mandatory climate risk disclosure requirements first.

Mizuho Experiences Eight System Glitch for the Year

By Editors | 08/10/2021

The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.

Market Infrastructure

BOJ Issues Consultation on Use of Synthetic JPY LIBOR

By Editors | 05/10/2021

Input is sought on the special circumstances in loan and bond contracts that would make transition difficult and the specific details of such circumstances.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

By Editors | 28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.