JAPAN

Capital / Liquidity

BOJ Targets Small Businesses with New Lending Facility

By Editors | 24/05/2020

The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.

Securities / Derivatives

Japan’s New Foreign Investment Rules Take Effect

By Manesh Samtani | 10/05/2020

While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.

Fintech / Regtech

Japan to Propose Easier Fintech Investment Rules for Banks – Report

By Editors | 07/05/2020

The proposal includes scrapping a requirement for bank holding companies to obtain FSA approval to acquire more than 15% of nonfinancial companies.

Market Infrastructure

EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA

By Manesh Samtani | 07/05/2020

While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.

Crypto / Digital Assets

FSA Japan Certifies Two SROs as New Crypto Laws Take Effect

By Editors | 04/05/2020

The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.

BOJ Ramps Up Support for Bond Markets, Corporate Japan

By Editors | 27/04/2020

The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.

Capital / Liquidity

BOJ Flags Financial Stability Risks from High Credit Costs, Investment Losses

By Editors | 22/04/2020

The BOJ has identified three main risks to the stability of the Japanese financial system – rising credit costs, investment losses and foreign currency funding risks.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Crypto / Digital Assets

FSA Japan to Enforce New Crypto Laws from May

By Editors | 07/04/2020

Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA’s remit.