Bank of Japan

    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.

    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.

    Securities / Derivatives

    Japan: Corporates to Get Financial Support, Easier Write Down Rules

    By Editors | 06/04/2020

    The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.

    Market Infrastructure

    Japan Lacks Consensus on LIBOR Replacement – Report

    By Editors | 05/04/2020

    About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.

    Market Infrastructure

    Fed Establishes Repo Facility to Ease USD Funding Stress

    By Editors | 31/03/2020

    Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.

    Capital / Liquidity

    Japan Plans for Basel III Implementation in March 2023

    By Editors | 31/03/2020

    The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.

    BOJ Carries Out Emergency Operations to Curb Bond Volatility

    By Editors | 20/03/2020

    The 1.3 trillion yen emergency bond-buying operation to was aimed at stabilising the debt market given its recent volatility, the BOJ  said.

    Market Infrastructure

    Fed Establishes FX Swap Lines with Nine Central Banks

    By Editors | 19/03/2020

    Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.

    Securities / Derivatives

    UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

    By Editors | 16/03/2020

    The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

    Market Infrastructure

    BOJ, FSA Publish Findings on LIBOR Transition Progress

    By Editors | 15/03/2020

    About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.