Bank of Japan

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

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.

Market Infrastructure

BOJ, FSA Again Urge FIs to Step Up Preparation for LIBOR Transition

By Editors | 23/07/2020

Financial institutions are urged to continue to take the necessary steps to ensure a smooth transition from LIBOR, even as they allocate resources to support Japanese businesses and households.

Japan FSA Pushes for Sustainability in Bank Business Models

By Editors | 10/07/2020

Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA’s Toshihide Endo.

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

By Editors | 16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Fintech / Regtech

JPX, JASDEC Select Use Cases to Test in DLT Project

By Editors | 04/06/2020

DLT will be tested to share fund, SSI, and corporate information; enhance compatibility among fund distribution networks; share stock borrowing and lending information.

Fintech / Regtech

Japan Megabanks to Collaborate on Cashless Payments

By Editors | 04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Market Infrastructure

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

By Editors | 01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

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.