Japan

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

By Editors | 13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

ESG / Sustainability

Japan to Start Investing Foreign Reserves in ESG Bonds

By Sanday Chongo Kabange | 12/10/2021

Japan would become the first G7 government to use its foreign reserves for ESG investments, as it ramps up efforts to combat climate change.

ESG / Sustainability

Japan FSA to Mandate Climate Disclosures from April 2022 – Report

By Ranamita Chakraborty | 11/10/2021

Companies listed on the TSE’s ‘Prime’ market will be required to comply with mandatory climate risk disclosure requirements first.

Mizuho Experiences Eight System Glitch for the Year

By Editors | 08/10/2021

The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.

Market Infrastructure

BOJ Issues Consultation on Use of Synthetic JPY LIBOR

By Editors | 05/10/2021

Input is sought on the special circumstances in loan and bond contracts that would make transition difficult and the specific details of such circumstances.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

By Editors | 28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.

Market Infrastructure

Japan FSA Issues Business Improvement Order to Mizuho

By Editors | 24/09/2021

The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.

AML / KYC

FATF Report Highlights Opportunities for Japan’s FIs

By Matthew Field | 24/09/2021

Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.

Enforcement

Japan FSA to Oversee System Improvements at Mizuho – Report

By Editors | 22/09/2021

An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.