JAPAN

AML / KYC

Japan Warns of Surge in Phishing Attacks Targeting Internet Banking Users

By Mark Johnston | 09/08/2023

The FSA and NPA say the number of phishing cases reached 2,322 in the first half of 2023, the highest number ever.

Securities / Derivatives

TSE Signs Agreement to Provide Japanese Investors Access to US Securities

By Editors | 09/08/2023

The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.

Enforcement

FSA Japan Probes Insurers Following Price-Fixing Allegations

By Editors | 06/08/2023

Four insurers allegedly colluded on setting premiums for clients such as oil refiners, steel companies and public transportation operators.

Enforcement

FSA Japan Probes Sales of Credit Suisse AT1 Bonds

By Editors | 04/08/2023

At least one Japanese investor was told around fall last year that Credit Suisse AT1 bonds were safer than stock.

Big Picture

BIS Paper Offers Analysis of BOJ ETF Purchase Programme

By Editors | 04/08/2023

The programme provides a short term boost to stock prices, but impacts to the securities lending market diminish its effectiveness.

ESG / Sustainability

Sustainable Finance in Japan Makes Steady Progress: FSA

By Ranamita Chakraborty | 02/08/2023

The Japanese FSA’s expert panel on sustainable finance has published its third progress report on sustainable finance initiatives in the country, highlighting policy trends and updates.

Capital / Liquidity

Japan Launches Consultation on Permanent Cessation of Euroyen TIBOR

By Jill Wong | 02/08/2023

The consultation on permanently ceasing the Euroyen TIBOR was motivated by the need to enhance the transparency, robustness and reliability of the interbank offered rate to be fully compliant with IOSCO principles.

ESG / Sustainability

Japan FSA Seeks Industry Input on Impact Investment Guidelines

By Editors | 01/08/2023

The guidelines set out four key principles of impact investment, and encourages dialogue with investee companies to assist them in creating or accelerating change.

Crypto / Digital Assets

Japan Blockchain Association Proposes Reforms to Crypto Tax Regime

By Editors | 31/07/2023

The JBA is seeking the abolishment of the year-end tax on unrealised gains from tokens issued by third parties, among other reforms.