Bank of Japan

Market Risk

BOJ Defends Yield Target With ‘Unlimited’ Bond Buying

By Editors | 29/03/2022

The BOJ is buying Japanese government bonds every day this week until Thursday to keep yields low as it diverges from the US path.

CBDCs

Bank of Japan Concludes Phase One CBDC Testing

By Editors | 28/03/2022

Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.

Climate Risk

BOJ to Launch New Climate Survey in Fiscal 2022

By Sanday Chongo Kabange | 15/03/2022

The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.

Trading & Investment

BOJ Forms Cross-Industry Forum on Interest Rate Benchmarks

By Editors | 09/03/2022

The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.

Reporting & Disclosures

Greening Asia Through Data and Regulation

By Steven Yankelson | 09/03/2022

Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.

PEPs & Sanctions

Russia SWIFT Ban Still Being Finalised; China Urges Dialogue

By Manesh Samtani | 02/03/2022

Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven Russian banks and their subsidiaries.

Emerging Prudential Risks

Quantitative Easing Ineffective at Driving Firms to Invest

By Mark Johnston | 18/01/2022

Weaker firms respond to lower long-term yields by refinancing debt. Healthier firms tend to increase cash holdings and share buybacks.

Capital Adequacy

Japan Extends Leverage Ratio Relaxation to Support Bank Lending

By Editors | 09/01/2022

Central bank deposits will be excluded from total exposure when calculating the leverage ratio until the end of March 2024.

Sustainable Finance

BOJ Disburses First Loans to FIs to Fund Green Finance Activities

By Ranamita Chakraborty | 02/01/2022

$18bn worth of loans were disbursed under a new measure that enables FIs to receive zero-interest funds from the central bank against efforts to address climate change.