Japan

Securities / Derivatives

Tokyo Bourse Names Firms With Capital Efficiency Plans

By Editors | 16/01/2024

The list is intended to “name and shame” companies that don’t disclose plans to increase their capital efficiency

Market Infrastructure

JBATA Publishes Feedback From Euroyen TIBOR Consultation

By Editors | 27/12/2023

Most respondents said “six months before the cessation date” is a desirable timing to cease entering into new Euroyen TIBOR contracts.

Enforcement

FSA Japan Issues Orders Against Major Insurers for Price-Fixing

By Editors | 27/12/2023

The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.

Crypto / Digital Assets

Japan Approves Reforms to End Tax on Unrealised Crypto Gains

By Editors | 27/12/2023

Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.

Securities / Derivatives

Japan Prepares to Launch ‘Asset Management Forum’

By Editors | 26/12/2023

A committee has been established to plan the launch of a new platform to promote Japan’s asset management industry internationally.

Enforcement

Japan FTC Probes Insurers for Alleged Cartel Conduct

By Mark Johnston | 21/12/2023

Japan’s FTC raided 22 locations of four major insurers and two insurance agencies over their alleged collusion on premium-setting.

AML / KYC

Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors

By Mark Johnston | 19/12/2023

The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.

Securities / Derivatives

JPX Prepares for New NISA Launch in 2024

By Mark Johnston | 19/12/2023

JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Fintech / Regtech

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.