BANK OF JAPAN

ESG / Sustainability

BCBS Postpones Climate Risk Disclosure Framework for Banks

By Thisanka Siripala | 21/11/2024

The BCBS has been unable to finalise the Pillar 3 disclosure framework for climate-related financial risks because the US refuses to endorse it.

Market Infrastructure

US, Hong Kong Cut Rates for the First Time in Four Years

By Manesh Samtani | 19/09/2024

The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.

Fintech / Regtech

More Than 40 Private Sector Firms Join BIS Project Agora

By Manesh Samtani | 17/09/2024

Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.

Securities / Derivatives

Korean Securities Firms Under Fire Over US Trade Cancellations

By Manesh Samtani | 09/08/2024

A malfunction at Blue Ocean ATS, which provides connectivity to the US after-hours market, caused $457mn in trade cancellations for Korean investors.

BOJ Pledges No Rate Hikes While Markets are “Unstable”

By Editors | 08/08/2024

BOJ’s recent rate hike prompted a significant unwinding of the Japanese yen carry trade which fueled a rout in global stock markets.

Market Infrastructure

BOJ Raises Interest Rate to Highest Level Since 2008

By Editors | 01/08/2024

The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.

Securities / Derivatives

Japan Seeking More Foreign Participation in JGB Market

By Editors | 31/07/2024

The government reportedly plans to designate brokerage firms to work on outreach activities to attract overseas investors into the JGB market.

Fintech / Regtech

Japan Issues Update on Granular Data Reporting Initiative

By Manesh Samtani | 08/07/2024

The FSA and BOJ started collecting granular data in a phased manner in fiscal 2023. Full-scale data collections will start in March 2025.

ESG / Sustainability

Japan FSA Working to Enhance Transparency of Shareholders

By Manesh Samtani | 19/06/2024

Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.