Japan

Capital / Liquidity

Japan to Test Banks’ Resilience Against Social Media-Driven Runs

By Mark Johnston | 03/10/2023

Japan’s FSA plans to test the resilience of around 20 banks against social media-fuelled runs, responding to the failure of Silicon Valley Bank in the US.

ESG / Sustainability

Japan to Launch First Exchange-based Carbon Market Next Month

By Manesh Samtani | 24/09/2023

The new carbon credit market will allow trading in J-Credits, which are certified by the government and have already been circulating in Japan since 2013.

Market Infrastructure

Tokyo Bourse Announces Decision to Extends Trading Hours

By Editors | 21/09/2023

The TSE will extend the closing time from 3pm  to 3.30pm, coinciding with the launch of Arrowhead 4.0 on 5 November 2024.

Market Infrastructure

JSCC Allows MTFs and SEFs to Clear Swaps Without Take-up Process

By Editors | 21/09/2023

Tradeweb said the decision to replace the “time-consuming and redundant” take-up process will enable clients to benefit from fully automated workflows.

Crypto / Digital Assets

Japan Plans to Allow Startups to Issue Digital Tokens – Report

By Editors | 18/09/2023

The change is applicable to funds raised from investment firms that are set up as Investment Limited Partnerships (LPS), a structure common among VC firms.

Crypto / Digital Assets

MUFG Tokenisation Platform Elevated to National Infrastructure in Japan

By Manesh Samtani | 13/09/2023

Progmat Inc will be jointly owned by JPX and seven other companies including the major Japanese banks, and work to advance the development of the country’s digital asset market.

Market Infrastructure

New Study Explores Feasibility of AXI, FXI Indices for Japan

By Manesh Samtani | 11/09/2023

The study assessed the feasibility of Japanese versions of the FXI and AXI indices, concluding that they can coexist with TONA and TORF.

Crypto / Digital Assets

Japan FSA Asks Government to Review Crypto Tax Policy

By Editors | 04/09/2023

The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.

Capital / Liquidity

Japan to Inject Public Funds into Regional Bank

By Editors | 04/09/2023

Kirayaka Bank will become the first regional bank in Japan to receive public funds since 2014.