Governor Kuroda sets out progress on the BoJ’s plans to tackle deflation in remarks made to the International Council Meeting of the Bretton Woods Committee.
Click here for the BOJ website.
Japanese Prime Minister Shinzo Abe calls for a two-step corporate tax reduction process
Japanese Prime Minister Shinzo Abe called for a two-step corporate tax reduction process comprising a year-early termination of a special corporate tax for reconstruction in fiscal 2014 and lowering the effective corporate tax rate to an equivalent level with other major nations in fiscal 2015 or later, Tokyo's The Nikkei reported. By lowering the effective corporate tax, Abe hopes to strengthen companies' financial condition, which could trigger more hiring and wage increases.
BOJ Governor Speech to IBA Members: International Banks amid Global Financial Crisis
Address given by Masaaki Shirakawa, Governor of the Bank of Japan, to IBA members (IBA Information Forum: International Banks amid Global Financial Crisis).
Link to speech on the Bank of Japan website:
http://www.boj.or.jp/en/announcements/press/koen_2009/ko0901a.htm/
Japan's Unconventional Monetary Policy and Initiatives toward Ensuring Stability of the Global Financial System
Remarks by Bank of Japan Governor Kuroda at an Economic Policy Symposium Held by the Federal Reserve Bank of Kansas City.
Link to speech on BOJ website: http://www.boj.or.jp/en/announcements/press/koen_2013/ko130825a.htm/
European Securities and Market Authority (ESMA) publishes views on Japanese Central Counterparties equivalence to European regulations
The European Securities and Market Authority (ESMA) has published its advice to the European Commission on the equivalence of a number of regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories for European Markets Infrastructure Regulation (EMIR). The 3 September, 2013 advice includes views on the Japanese regulatory regime.
Foreign Banks in Japan Survey 2013
KPMG has released its annual survey of the published financial statements of foreign banks in Japan.
The condensed financial statements are prepared and published in accordance with the requirements of the Banking Law of Japan, and all financial information is extracted principally from publicly available information, with the exception of certain information voluntarily provided by the bank survey participants.
The survey is part of a comprehensive series of publications issued globally by KPMG’s Financial Services practices.
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Commercial Banks
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Financial Groups
