Japan

Market Infrastructure

Japan FSA Orders Mizuho to Explain Latest System Failure

By Editors | 24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Market Infrastructure

Japan Decides Start Date to Shift Cross-currency Swaps to RFRs

By Editors | 15/08/2021

Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

ESG / Sustainability

Japan FSA Seeks Better Quality ESG, Climate Disclosures

By Editors | 10/08/2021

The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.

Market Infrastructure

LIBOR Alternatives Gain Traction in Japan – Report

By Editors | 06/08/2021

OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.

Market Infrastructure

OSE, TOCOM Set to Launch J-GATE 3.0 on 21 September

By Editors | 02/08/2021

The next-generation derivatives trading system known as J-GATE3.0 will go live on 21 September 2021.

ESG / Sustainability

JPX Sets Organisational Targets to Achieve Carbon Neutrality

By Editors | 02/08/2021

JPX is researching the possibility of generating renewable energy through its own energy generation facilities.

Crypto / Digital Assets

Ripple Opens Japan-Philippines Remittance Corridor

By Manesh Samtani | 31/07/2021

Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

ESG / Sustainability

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

By Editors | 29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.