Japan

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

By Editors | 04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

ESG / Sustainability

Japan FSA To Review ESG Fund Labelling Rules

By Sanday Chongo Kabange | 04/03/2021

Discussions with asset managers and fund distributors may start by June to assess whether rules for mutual fund labels can guard against greenwashing.

Market Infrastructure

Japan’s Mizuho Bank Suffers Another Outage at ATMs

By Editors | 04/03/2021

Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.

Securities / Derivatives

Japan FSA Set to Revise Corporate Governance Code

By Editors | 02/03/2021

The new code will require listed companies to have more independent board directors, promote management diversity, and improve environmental disclosures.

ESG / Sustainability

BOJ, FSA to Analysis Climate Impacts on Banks This Year

By Editors | 02/03/2021

The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

Market Infrastructure

FSA to Seek Report from Mizuho Over ATM Network Shutdown

By Editors | 02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

AML / KYC

Japan FSA to Roll Out New AML System in Fiscal 2021

By Editors | 12/02/2021

The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

Fintech / Regtech

Japan Finance Minister to Take CBDC Debate to G7 Meeting

By Sanday Chongo Kabange | 11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

Market Infrastructure

BOJ Surpasses GPIF as Largest Holder of Japanese Equities

By Editors | 10/02/2021

In March 2020, the BOJ said it aims to buy at least JPY 6 trillion worth of ETFs a year with an upper limit set at JPY 12 trillion.