Japan

Fintech / Regtech

Mizuho, LINE Scrap Plans to Launch New Digital Bank

By Editors | 31/03/2023

The plan was to make banking services available on LINE’s popular smartphone app, but the project is now being abandoned.

AML / KYC

26 Countries Commit to Transparent Beneficial Ownership

By Manesh Samtani | 29/03/2023

The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.

Market Infrastructure

JBATA Finalises Fallback Methodology for TIBOR Contracts

By Manesh Samtani | 21/03/2023

JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.

Capital / Liquidity

Central Banks Coordinate Action to Ensure Global USD Liquidity

By Editors | 20/03/2023

From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.

Fintech / Regtech

More TSE Companies Disclosing Earnings Reports in HTML Format

By Editors | 16/03/2023

Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.

ESG / Sustainability

PRI Identifies Demand for Sustainable Finance Taxonomy in Japan

By Editors | 14/03/2023

PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.

Crypto / Digital Assets

Japanese Banks Commence Stablecoin Issuance Experiment

By Editors | 03/03/2023

Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.

ESG / Sustainability

Japan Sets Timeline for Domestic Implementation of ISSB Standards

By Editors | 03/03/2023

Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.

Crypto / Digital Assets

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

By Editors | 25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.