Japan

Market Infrastructure

JSCC Launches New Clearing System for JGBs

By Manesh Samtani | 12/01/2022

As part of the launch, the JSCC has introduced a new framework for netting settlements between cash/repo transactions and JGB futures.

Market Infrastructure

TSE Publishes Market Segment Selections by Listed Companies

By Manesh Samtani | 12/01/2022

To prepare for the Tokyo Stock Exchange’s reorganisation in April, listed companies had to select their new market segments.

Capital / Liquidity

Japan Extends Leverage Ratio Relaxation to Support Bank Lending

By Editors | 09/01/2022

Central bank deposits will be excluded from total exposure when calculating the leverage ratio until the end of March 2024.

Enforcement

Mizuho Bank Reports 9th System Failure for 2021

By Editors | 04/01/2022

The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

Securities / Derivatives

JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

By Editors | 04/01/2022

The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

Fintech / Regtech

Tokyo Bourse Tests Earnings Report Disclosure in HTML Format

By Editors | 03/01/2022

HTML will make text conversion, mechanical processing, and Japanese-to-English translation of the disclosed information easier compared to PDF, the TSE said.

ESG / Sustainability

BOJ Disburses First Loans to FIs to Fund Green Finance Activities

By Ranamita Chakraborty | 02/01/2022

$18bn worth of loans were disbursed under a new measure that enables FIs to receive zero-interest funds from the central bank against efforts to address climate change.

BOJ to Roll Back Bond Purchases, Funding Support for Large Firms

By Mark Johnston | 22/12/2021

The BOJ has rolled back emergency pandemic funding for large firms but will maintain ultra-loose monetary policy while extending financial relief for small firms.

Enforcement

Japan SESC Recommends Fine for Insider Trading on Crypto Hack

By Editors | 20/12/2021

An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.