Japan

Securities / Derivatives

CSRC Approves Daiwa for Majority Owned Securities Joint Venture

By Editors | 31/08/2020

Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.

Market Infrastructure

Japan FSA to Ease Administrative Procedures for Foreign Entrants

By Editors | 30/08/2020

The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

Capital / Liquidity

BOJ Has Effectively Paid Banks to Lend to Businesses – Report

By Editors | 18/08/2020

In April, the BOJ started offering banks a 0.1% interest rate if they used a new lending facility to lend to SMEs. Banks have shown record lending in recent months.

Market Infrastructure

Opening the Zengin System Could Reshape Japan’s Payments Landscape

By Ryoji Kashiwagi | 11/08/2020

Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.

Market Infrastructure

Japan Proposes Mid-2021 Cut-off on New LIBOR Loans, Bonds

By Manesh Samtani | 10/08/2020

Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.

Market Infrastructure

Japan Amends Rules to Lure Hong Kong Fund Managers

By Sanday Chongo Kabange | 05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Securities / Derivatives

Tokyo Commodity Exchange Proposes Trading Rule Revisions

By Editors | 29/07/2020

TOCOM plans to revise its trading rules to coincide with the launch of a next-gen derivatives trading system known at J-GATE 3.0 in Q3 2021.

Securities / Derivatives

JPX Completes Transfer of TOCOM Products to Osaka Exchange

By Editors | 28/07/2020

Under the new integrated exchange, brokers need a single licence to trade both securities and commodities. Clearing houses JSCC and JCCH have also been integrated.

Market Infrastructure

Japanese Trust Funds Align with Global Trends on FX Settlement Risk

By Makoto Miyazaki | 26/07/2020

Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.