JAPAN

Securities / Derivatives

JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

By Editors | 04/01/2022

The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

Fintech / Regtech

Tokyo Bourse Tests Earnings Report Disclosure in HTML Format

By Editors | 03/01/2022

HTML will make text conversion, mechanical processing, and Japanese-to-English translation of the disclosed information easier compared to PDF, the TSE said.

ESG / Sustainability

BOJ Disburses First Loans to FIs to Fund Green Finance Activities

By Ranamita Chakraborty | 02/01/2022

$18bn worth of loans were disbursed under a new measure that enables FIs to receive zero-interest funds from the central bank against efforts to address climate change.

BOJ to Roll Back Bond Purchases, Funding Support for Large Firms

By Mark Johnston | 22/12/2021

The BOJ has rolled back emergency pandemic funding for large firms but will maintain ultra-loose monetary policy while extending financial relief for small firms.

Enforcement

Japan SESC Recommends Fine for Insider Trading on Crypto Hack

By Editors | 20/12/2021

An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.

ESG / Sustainability

BOJ to Assess Market Functioning in Relation to Climate

By Editors | 14/12/2021

The BOJ will gather stakeholder views on how climate-related risks and opportunities are reflected in stock and bond prices and how to develop the ESG bond market.

ESG / Sustainability

Japan Unlikely to Issue Sovereign ESG Bonds in the Near Future

By Sanday Chongo Kabange | 13/12/2021

Issuing ESG bonds separately from conventional JGBs could make the process of borrowing money less efficient, said finance ministry official Masato Kanda.

Market Infrastructure

Refinitiv Set to Launch Tokyo Swap Rate Fallback

By Ranamita Chakraborty | 13/12/2021

The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.

AML / KYC

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.