Japan

Market Infrastructure

BOJ, FSA Urge FIs to Push Forward LIBOR Transition

By Manesh Samtani | 09/03/2021

The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.

Securities / Derivatives

OSE, TOCOM Propose Revised Contingency Plans for Derivatives

By Sanday Chongo Kabange | 09/03/2021

The OSE and TOCOM have proposed revisions clarifying the standards by which they will halt and resume trading in the event of a disruption in the derivatives market.

Market Infrastructure

BOJ Governor Says Climate Change Should Guide Monetary Policy

By Editors | 08/03/2021

The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.

Securities / Derivatives

JPX Launches English Disclosure Portal for Listed Companies

By Sanday Chongo Kabange | 08/03/2021

Listed companies that have yet to issue disclosures in English have cited the large amount of resources required to prepare documents as their main obstacle.

Capital / Liquidity

Japan, EU Boost Cooperation on Insurance Supervision

By Ranamita Chakraborty | 06/03/2021

EIOPA will provide the FSA advice on an equivalence decision under the EU’s Solvency II framework and, later, the monitoring of this decision.

Market Infrastructure

Japan Close to Decision on Lower Interbank Transfer Fees

By Editors | 06/03/2021

Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

By Editors | 04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

ESG / Sustainability

Japan FSA To Review ESG Fund Labelling Rules

By Sanday Chongo Kabange | 04/03/2021

Discussions with asset managers and fund distributors may start by June to assess whether rules for mutual fund labels can guard against greenwashing.

Market Infrastructure

Japan’s Mizuho Bank Suffers Another Outage at ATMs

By Editors | 04/03/2021

Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.