tokenization
The Digital Asset Co-Creation Consortium (DCC) has unveiled a detailed blueprint for launching a fully on-chain settled, tokenized Money Market Fund (MMF), aiming to bridge Japan's established financial markets with the rapidly expanding global digital asset ecosystem. The report, authored by the DCC's "On-Chain Settled
compliance
TOPPAN Edge, a TOPPAN Group company and wholly owned subsidiary of TOPPAN Holdings, was certified by the Global Legal Entity Identifier Foundation (GLEIF) as the first Japanese Qualified vLEI Issuer (QVI) in the verifiable Legal Entity Identifier (vLEI) ecosystem. In November this year, TOPPAN Edge will launch vLEI-Gateway™, a vLEI
Insurance
MS&AD Insurance Group's subsidiaries—Mitsui Sumitomo Insurance (MSI) and Aioi Nissay Dowa Insurance (ANDI)—have submitted their quarterly progress report on executing the business improvement plans mandated by Japan's Financial Services Agency (FSA). The plans address root causes of past misconduct, including price-fixing (insurance
supervision
The Financial Services Agency (FSA) reported on its meetings held with Japan's financial industry associations during July 2025, outlining its key priorities and concerns. I. Common Points Raised Across Associations These topics were consistently raised by the FSA in meetings with the life insurance, general insurance, securities, trust,
regulation
The second meeting of the Financial System Council's Working Group on Crypto Assets, held on September 2, 2025, highlights a significant push in Japan towards strengthening crypto asset regulation, primarily by considering a shift from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA)
Insurance
The Financial Services Agency published a partial revision (draft) of the "Comprehensive Supervision Guidelines for Insurance Companies" and other documents from Monday, May 12, 2025 to Friday, June 13, 2025, and widely solicited comments. In response, the Agency received a total of 468 comments related to the partial
bankruptcy
In a newsletter published at the end of June, Anderson Mori & Tomotsune (AMT) lawyers explained the newly enacted "Act on Procedures for Adjustment of Debts Owed by Business Operators to Financial Institutions, etc. for Facilitating Business Turnaround," referred to as the "Early Business Turnaround Act."
crypto
The 55th General Meeting of the Financial System Council and the 43rd Joint Meeting of the Financial System Subcommittee, jointly held on Wednesday, June 25, reviewed the current status of and the regulatory framework for crypto assets in Japan. The regulatory approach aims to balance user protection with innovation promotion,
policy
The "Grand Design and Action Plan for a New Form of Capitalism, 2025 Revised Edition," was approved at a Cabinet meeting on June 13, 2025. It is a comprehensive policy blueprint from the Japanese government outlining its strategy to fundamentally reshape the nation's economy. It presents
crypto
The Japan Cryptoasset Business Association (JCBA) has presented its business report for Fiscal Year 2024 (from April 2024 to March 2025), a period marked by significant transformation and strategic advancement for both the global and domestic digital asset industries. The report (in Japanese) details the association's extensive activities
regulation
The Securities and Exchange Surveillance Commission (SESC) has submitted three recommendations for the strengthening of market surveillance functions to the Prime Minister and the Commissioner of the FSA: * Expanding insider trading regulations to cover more types of related parties * Strengthening administrative monetary penalties by increasing amounts and expanding scope to
regulation
The Financial Services Agency established the "FinTech Proof-of-Concept Hub" on September 21, 2017, with the aim of accelerating challenges toward innovation utilizing FinTech. This initiative was created to dispel the hesitation and concerns that FinTech companies and financial institutions tend to have when attempting unprecedented proof-of-concept experiments. Now,