Japanese drew down savings for the first time on record while wages adjusted for inflation dropped the most in almost five years.
Click here for the full article.
Japan’s Savings Rate Turns Negative
日本銀行 - 当面の金融政策運営について
日本銀行は、本日、政策委員会・金融政策決定会合において、次回金融政策決定会合までの金融市場調節方針を、以下のとおりとすることを決定した（賛成８反対１）
詳しくこちらへ.
Deputy BoJ Governor Nakaso in a recent speech discusses creating innovative payment and settlement systems
Deputy BoJ Governor Nakaso in a recent speech discusses creating innovative payment and settlement systems including efforts to create an environment that will facilitate the use of the smooth delivery of the Yen and JGBs anyplace and at anytime. This includes changes to BOJ-NET.
Click here for the speech.
2014 IBA Japan Annual General Meeting, Address by FSA Commissioner & Reception
IBA Japan held its 30th Annual General Meeting on November 26th at the Okura Hotel in Tokyo, It was followed by a reception for about 200 guests. The Commissioner of the Financial Services Agency, Mr. Kiyoshi Hosomizo, gave a speech and discussed current challenges facing the financial sector, the effects of macro-economic environment and challenges facing Japanese policy makers, and the FSA’s supervisory approach and current priorities.
JFMC responds to the U.S. prudential regulators’ and Commodity Futures Trading Commission (CFTC) consultation proposals for margin and capital requirements for covered swap entities
Non-centrally cleared bilateral swaps provide an important and legitimate way of facilitating international trade and the global regulatory framework needs to support this whilst putting in place appropriate risk safeguards.
Macroprudential Policy and Initiatives by the Bank of Japan
Takehiro Sato, Member of the Bank of Japan’s Policy Board, spoke to members of the Japan Society about the Bank of Japan’s macroprudential and monetary policies. In his speech, Mr. Sato gave an overview of the Bank of Japan's strategy to continue combating deflation.
Click here for the speech on the Bank of Japan's website.
Bank of Japan expands monetary stimulus measure
At the Bank of Japan's Monetary Policy Meeting on October 31st, the Policy Board announced that it would increase its asset buying program to 80 trillion yen a year, up from the previous rate of 60-70 trillion yen a year.
Click here for the statement on the Bank of Japan's website.
The Governor of the Bank of Japan speaks to IBA Japan members and guests
Mr Haruhiko Kuroda, Governor of the Bank of Japan, gave a lunchtime speech to the International Bankers Association of Japan on 29 September. The BoJ’s recent initiatives have been a major policy plank of the revitalisation of the Japanese economy and we are pleased that the Governor shared his thoughts with the foreign banking community during our 30th anniversary year.
FSA publishes 2013-14 Financial Monitoring Report
The FSA has published its Financial Monitoring Report covering the period from July 2013 to June 2014. The Report is based on the Financial Monitoring Policy announced in 2013 and provides an overview of:
- the FSA's approach to monitoring the various financial sectors
- areas of particular focus
- measures taken by the FSA
Click here for the report on the FSA website.
Foreign Banks in Japan Survey 2014
KPMG has released its annual survey of the published financial statements of foreign banks in Japan.
Foreign Banks in Japan Survey 2014 (KPMG site)