Japan

Market Infrastructure

Transition Away From JPY LIBOR Making ‘Great Progress’

By Editors | 02/11/2021

More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.

Securities / Derivatives

Japan FSA Finalises Guidelines on Social Bond Issuance

By Editors | 31/10/2021

Under the guidelines, social bond issuers have to make annual disclosures on the use of the proceeds and the social benefits they yield.

Market Infrastructure

Tokyo Bourse Outlines Plans to Enhance Cash Equity Market

By Manesh Samtani | 31/10/2021

The TSE will extend its trading day by 30 minutes alongside a major trading system upgrade in 2024. A five-minute closing auction session may also be introduced.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

ESG / Sustainability

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

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.