Japan

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    Enforcement

    FINRA Censures and Fines Mizuho’s US Securities Unit

    By Editors | 14/05/2024

    Mizuho Securities had inaccurate or incomplete information in more than 300,000 institutional customer confirmations over five years.

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    Japan Advances Work to Create New Guidelines for VC Firms

    By Manesh Samtani | 01/05/2024

    The Principles will seek to better align the investment and engagement practices of Japanese VC firms with international standards.

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    Sanctions

    China Cautions Japan Against Expanding Export Controls

    By Editors | 30/04/2024

    MOFCOM said Japan’s proposal to expand its controls on certain semiconductor products will damage the stability of global supply chains.

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    Crypto / Digital Assets

    BOJ Publishes Progress Report on CBDC Pilot Experiment

    By Editors | 29/04/2024

    The experimental CBDC system will preserve user privacy by requiring intermediaries to separate customer data management from payment functions.

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    Japan FSA Scrutinising Bank Lending Practices – Reports

    By Editors | 27/04/2024

    The FSA is concerned that non-performing loans could emerge following the move away from negative interest rates starting last month.

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    Sanctions

    Japan Proposes to Tighten Export Control Regulations

    By Editors | 27/04/2024

    Companies would be required to report transfers of technology in areas where Japan has an advantage over other countries, and seek approval for such exports.

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    Sanctions

    US, Japan, Korea to Collaborate on Technology Export Controls

    By Editors | 26/04/2024

    The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.

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    AML / KYC

    FSA Launches AML Probe into Tokyo’s Kiraboshi Bank

    By Mark Johnston | 25/04/2024

    The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.

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    Capital / Liquidity

    Japanese Banks Resilient Despite Interest Rate, Real Estate Risks

    By Mark Johnston | 25/04/2024

    BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.

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    Market Infrastructure

    BOJ, FSA Publish Results from Cybersecurity Self-Assessments

    By Mark Johnston | 25/04/2024

    The results reveal that challenges remain in securing and training cybersecurity personnel and managing third-party risks.

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