Japan

Climate Risk

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

By Editors | 19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Structural Regulation

Japan to Remove Quarterly Reporting Requirements

By Editors | 19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Sustainable Finance

JPX Issues Framework for Digitally Tracked Green Bonds

By Manesh Samtani | 19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.

Anti-Money Laundering

FSA Offers Update on Work to Strengthen Japan’s AML System

By Manesh Samtani | 17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

CBDCs

BOJ Offers Clues on Path Forward for CBDC Issuance

By Manesh Samtani | 15/04/2022

The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

Market Abuse

Tokyo Prosecutors Indict SMBC Nikko Securities Deputy President

By Editors | 14/04/2022

The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.

Structural Regulation

FSA Issues Guidance for Asset Managers Moving to Japan

By Editors | 12/04/2022

Regulatory requirements have also been amended to allow foreign securities companies entering the Japanese market to submit their registration applications in English.

Market Data & Technology

JPX to Provide Free Market Data to Retail Investors

By Sanday Chongo Kabange | 09/04/2022

JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.

Reporting & Disclosures

JPX, QUICK Corp Publish Explanations on ESG Issues

By Editors | 07/04/2022

The document provides guidance on the issues facing Japanese companies when it comes to ESG disclosures.