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)
IMES publishes new discussion papers
The Institute for Monetary and Economic Studies at the Bank of Japan conducts research on a range of monetary and economic issues with the aim of establishing an appropriate background for monetary policy. The IMES Discussion Paper Series was created to stimulate discussion and comments of issues critical to the Japanese and global economies.
Click here for the latest papers published on the Bank of Japan's website.
FATF releases Virtual Currencies: Key Definitions and Potential AML/CFT Risks
Recently, virtual currencies have risen to prominence as a powerful global payment method, with potential benefits including increased payment efficiency, lower transaction costs, and wider access to payment options. At the same time, this flexibility and the global reach of virtual currencies present a number of potential Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) risks.
BOJ Governor Kuroda addresses the Japan Association of Corporate Executives
In his speech to the Japan Association of Corporate Executives, BOJ Governor Kuroda predicted that the rate of increase in Japan's core consumer price inflation would dip over the summer before again moving towards the 2% target from October onwards, supported by aggressive pricing in the private sector and higher wages.
Click here for the speech on the BOJ website.
FAQ on Financial Instruments and Exchange Act
The FSA has published its latest collection of Frequently Asked Questions regarding the Financial Instruments and Exchange Act (FIEA).
Click here for the FSA website.