JAPAN

Market Infrastructure

Refinitiv Launches New Versions of Tokyo Swap Rate

By Editors | 28/10/2021

The new versions of the Tokyo Swap Rate are designed to support the transition away from LIBOR and the adoption of new market conventions.

Capital / Liquidity

BOJ Warns of Higher Credit Costs, Market Risks

By Ranamita Chakraborty | 28/10/2021

In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.

ESG / Sustainability

Transition Guidance is “Fundamentally Important”, says FSA’s Ikeda

By ESG Investor | 19/10/2021

The FSA’s Satoshi Ikeda said the regulator is “eagerly pushing” for measures to enable more dynamic investing in low-carbon and zero-carbon technologies.

Securities / Derivatives

Tokyo Stock Exchange Plans to Extend Trading Hours – Report

By Editors | 18/10/2021

Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.

Fintech / Regtech

BOJ Seeks Simple CBDC Design That Promotes Competition

By Editors | 17/10/2021

While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.

Fintech / Regtech

Tokyo Offers Subsidies to Foreign Firms in Green Finance

By Editors | 17/10/2021

The subsidies are available to foreign asset management and fintech companies working in the field of green finance who wish to start new businesses in Tokyo.

Market Infrastructure

JSCC Sets Date for Bulk Conversion of LIBOR Swaps

By Editors | 14/10/2021

Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

By Editors | 13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

ESG / Sustainability

Japan to Start Investing Foreign Reserves in ESG Bonds

By Sanday Chongo Kabange | 12/10/2021

Japan would become the first G7 government to use its foreign reserves for ESG investments, as it ramps up efforts to combat climate change.