Japan

Enforcement

Nomura Announces Measures to Address Unethical Behaviour by Staff

By Thisanka Siripala | 05/12/2024

Ten executives will take pay cuts and staff monitoring will be enhanced after a former employee was indicted on attempted murder charges.

Japan FSA Calls on FIs to Provide Flexible Lending to Businesses

By Thisanka Siripala | 05/12/2024

The FSA urges FIs to prioritise flexible loans and repayment plans tailored to the circumstances of each business.

Securities / Derivatives

Mitsubishi Reports $90m Loss from Rogue Copper Trader at China Unit

By Nithya Subramanian | 04/12/2024

Mitsubishi Corp said that a Shanghai-based trader made unauthorised transactions with local businesses that defaulted on their payments.

Crypto / Digital Assets

DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

By Mark Johnston | 04/12/2024

DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

ESG / Sustainability

Tokyo Government to Pilot Green Hydrogen Auction-Based Trading

By Thisanka Siripala | 03/12/2024

TOCOM will assist in the design and execution of a pilot project to support the creation of a hydrogen exchange in Tokyo.

Japan FSA Proposes Amendments to Boost Startup Funding

By Thisanka Siripala | 03/12/2024

The FSA has proposed amendments to simplify disclosure requirements, increase fundraising limits, and provide more flexibility for investors and startups.

Crypto / Digital Assets

Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

By Thisanka Siripala | 01/12/2024

The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

Fintech / Regtech

Japan Report Calls for Urgent Action to Address Quantum Risks

By Thisanka Siripala | 30/11/2024

Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.

Securities / Derivatives

Japan Strengthens Disclosure Rules for Strategic Shareholdings

By Thisanka Siripala | 29/11/2024

The new rule requires detailed disclosures for shares transitioned from strategic holdings to pure investment objectives.