Japan

    Enforcement

    FSA Issues Business Improvement Order to Mizuho, Again

    By Editors | 18/02/2022

    The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.

    ESG / Sustainability

    JPX Commences Research On ‘Digitally Tracked Green Bonds’

    By Editors | 14/02/2022

    JPX plans to issue the bond to help it achieve carbon neutrality, while at the same time enabling investors to track its progress over time.

    Crypto / Digital Assets

    Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency

    By Mark Johnston | 08/02/2022

    ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.

    ESG / Sustainability

    Japan FSA Forms Subcommittee to Address ESG Data Issues

    By Editors | 07/02/2022

    The subcommittee was formed to formalise discussions with ESG rating and data providers on addressing issues relating to data quality and reliability.

    Market Infrastructure

    Refinitiv Revises Tokyo Swap Rate Methodology for TIBOR Swaps

    By Editors | 05/02/2022

    The fallback procedure has been updated to allow publication based on Tokyo Swap Rate (for swaps referencing TONA) plus a spread adjustment.

    Market Infrastructure

    Tokyo Seeks Status as Asian Hub for Transition Finance

    By Editors | 04/02/2022

    Establishing Tokyo as a regional transition finance hub is part of a Kishida policy goal to create an “Asian zero-emission community”.

    Securities / Derivatives

    Japan FTC Warns of Possible Antitrust Breaches in IPO Pricing

    By Editors | 02/02/2022

    The FTC expressed concerns that securities firms could use their superior bargaining power to set IPO prices excessively low and disadvantage issuers.

    ESG / Sustainability

    Japan Considers Removing Quarterly Reporting Requirements

    By Editors | 02/02/2022

    A summary report setting out key considerations for the removal of quarterly reporting is expected to be released in the coming months.

    Securities / Derivatives

    Tokyo to Establish Sustainable Energy Fund in March 2022

    By Editors | 15/01/2022

    The Tokyo metropolitan government will invest JPY 1 billion in the fund, which will be operated by Looop Inc, as part of efforts to promote the development of renewable energy.

    Mizuho Set to Formalise New Leadership to Address System Issues

    By Editors | 14/01/2022

    On Tuesday, Mizuho suffered its 10th system failure since February 2021, with business customers unable to access online banking for more than 3 hours that morning.

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