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March 31, 2025
 

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FSA

"The most desirable decision is for companies' securities reports to be accessible to the public at least three weeks before the general meetings," financial services minister Katsunobu Kato said on Friday.
BUSINESS
Mar 28, 2025
Japan seeking securities disclosures before shareholders' meetings
The government will make the request in response to criticism from overseas investors that they do not have enough access to information ahead of the meetings.
Among the proposals by the Financial Services Agency include removing cash and other items that have a high risk of being used for money laundering from a list of items that can be kept in safe deposit boxes.
JAPAN / Crime & Legal
Mar 28, 2025
Japanese regulators seek stricter rules on safe deposit boxes
The Financial Services Agency is proposing, among others, barring the storage of cash and other items with high risk of being used for money laundering.
The Tokyo District Court on Wednesday found a former judge guilty of insider trading.
JAPAN / Crime & Legal
Mar 26, 2025
Court convicts former judge over insider trading
Soichiro Sato was given two years in prison, suspended for four years, fined ¥1 million and ordered to pay an additional ¥10.2 million penalty.
A former judge has admitted to buying shares using undisclosed information about tender offers while he was seconded to the Financial Services Agency last year.
JAPAN / Crime & Legal
Mar 19, 2025
Former judge admits to insider trading
Soichiro Sato, 32, used information obtained while on secondment at the Financial Services Agency to buy company shares.
Nomura Holdings and Japan's other big brokers are having second thoughts about selling so-called structured loans to regional lenders.
BUSINESS / Economy
Mar 11, 2025
Japan brokers rethink repackaged JGBs after regulator warning
There are concerns that buyers might lack proper risk management for the product and could suffer mounting losses if market interest rates move against them.
In recent years, Japanese life insurers have increasingly entered contracts in which assets underwritten by reinsurance companies are invested to obtain higher returns.
BUSINESS
Mar 3, 2025
Japan’s FSA said to examine life insurers’ reinsurance risks
The Financial Services Agency is asking life insurers about the scale of the practice and the type of contracts they have in place.
Toshinori Yashiki, director-general of the Financial Services Agency’s strategy development and management bureau, speaks during an interview on Thursday.
BUSINESS / Economy
Feb 28, 2025
Japan to crack down on booming market for JGB-backed loans
The Financial Services Agency will scrutinize banks that have increased purchases of Japanese government bonds that are repackaged into loans over the past year.
Japan Exchange Group released a report Thursday compiled by an independent directors' investigation committee tasked to look into an insider trading case involving a former TSE employee.
BUSINESS
Jan 30, 2025
JPX and TSE cut executives' pay over 'unprecedented' insider trading case
JPX has also released a report compiled by an independent directors' investigation committee tasked with looking into the scandal.
Car dealer Toyota Mobility Tokyo and used car dealer Goodspeed are believed to have committed illegal practices, such as discounting vehicles in exchange for buying specific insurance products.
BUSINESS / Companies
Jan 21, 2025
Japan's FSA to issue business improvement order to Toyota dealer
The Toyota subsidiary and Goodspeed are suspected of illegal practices such as discounting vehicles in exchange for buying specific insurance products.
The Financial Services Agency said the judge, Soichiro Sato, 32, was dismissed Monday.
JAPAN / Crime & Legal
Dec 24, 2024
Japan SESC files insider trading complaint against judge
The parties involved are believed to have earned several million yen in profit.
The Securities and Exchange Surveillance Commission said it recommended that the Financial Services Agency impose a fine on general contractor Yamaura for releasing false financial statements.
JAPAN / Crime & Legal
Dec 4, 2024
General contractor Yamaura to be fined for false financial statements
A third-party investigation panel found the person in charge of preparing financial statements at Yamaura had illegally withdrawn about ¥2.6 billion.
The Financial Services Agency in Tokyo. The financial instruments and exchange law prohibits corporate officials privy to important information, such as tender offers, from trading related shares before the information is made public.
JAPAN / Crime & Legal
Oct 19, 2024
Judge seconded to FSA probed over insider trading suspicions
Since summer, the SESC has been investigating individuals and places related to the judge and scrutinizing his transaction details.
Toshinori Yashiki, a senior official at the Financial Services Agency, says the regulator will examine Japanese megabanks’ lending to private equity and other funds in the U.S. for risk management.
BUSINESS / Companies
Oct 15, 2024
Japan regulator to scrutinize megabanks’ lending to U.S. funds
The nation's largest banks are increasing what is known as subscription finance and lending to funds that provide equity or credit to private companies.
The Financial Services Agency is set to begin a review of cryptocurrency rules, opening up the possibility of lower taxes on digital assets.
BUSINESS / Markets
Oct 1, 2024
Japan crypto review may open door to lower taxes and dedicated ETFs
The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments law is adequate.
A stock board at the Tokyo Stock Exchange
BUSINESS / Economy
Sep 3, 2024
Japan FSA to examine bank risks in ‘world with interest rates’
In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets.
Hideki Ito, commissioner of the Financial Services Agency, says Japan needs to be cautious about approving crypto-linked exchange-traded funds.
BUSINESS / Markets
Aug 8, 2024
Japan’s top finance regulator hesitant on crypto ETF approvals
Whether to follow the likes of Hong Kong and the U.S. by approving crypto-linked exchange-traded funds requires "cautious consideration,” he said.
MUFG Bank and two joint ventures in Mitsubishi UFJ Financial Group have been penalized for violating client confidentiality rules.
BUSINESS / Companies
Jun 24, 2024
MUFG penalized by Japan’s financial regulator for client breach
The flagship bank and joint ventures allegedly inappropriately exchanged client information at least 26 times to win business, according to a market watchdog.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Tatsufumi Shibata, deputy director-general at the Financial Services Agency, is pushing for greater disclosure by companies of their cross-shareholding practices.
BUSINESS
May 2, 2024
Japan suspects firms are evading disclosure of cross-shareholdings
Some companies are thought to be masking cross-shareholdings as being owned for purely trading purposes.
People feel that Japan may be getting out of deflation and there could be an economic transformation, a top regulatory official says.
BUSINESS / Economy
Mar 25, 2024
Japan seeing more interest from foreign asset managers, official says
Tokyo has inched up one position higher to 19th place in the Global Financial Centers Index.
Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination
Zensho Holdings, operator of fast-food chain Sukiya, said it will close all of its stores in Japan, except for a small number in shopping centers, between Monday and Friday following recent contamination incidents.
School-age suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
In Tokyo, Pentagon chief provides assurances that Japan-U.S. alliance remains robust
Defense Minister Gen Nakatani (left) and U.S. Secretary of Defense Pete Hegseth review an honor guard during a welcome ceremony at the Defense Ministry in Tokyo ahead of their talks Sunday.
Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
Tokyo tech failures lean into misfortune, mistakes and missteps
Tsuyoshi Domoto in Tokyo's Shinjuku Ward on March 28. As an entrepreneur, Domoto experienced plenty of setbacks but maintains a positive attitude and continues to pursue his dreams.
Who among the opposition would join the ruling coalition?
Prime Minister Shigeru Ishiba enters his office in Tokyo on Friday.
Traveling the Three-Star Road, the tourist route made from thin air
Scenes like this snow-covered bridge leading to the village of Shirakawa-go are what make the Three-Star Road worth traveling — its name notwithstanding.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.

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