What’s New on the FSA Website

Week of February 24, 2023 - March 2, 2023

This page contains the latest in events, developments, and updates to the FSA website.

Press Releases

Councils

February 27, 2023

Publication of the agenda and handouts of the fifth meeting of the "Working Group on Financial Institutions' Efforts towards the Decarbonization of the Economy" <Summary> The FSA published the agenda and handouts of the fifth meeting of the "Working Group on Financial Institutions' Efforts towards the Decarbonization of the Economy," which was held on February 28, 2023. In the fifth meeting, the guest practitioners respectively introduced their support for decarbonization in corporate management and practices of the issuance of transition bonds, and the Working Group members discussed the respective topics presented. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/singi/decarbonization/siryou/20230228.html

February 24, 2023

Joint session of the 51th general meeting of Financial System Council and the 39th meeting of Sectional Committee on Financial System

Banks

March 1, 2023	Approval of a business adaptation plan for Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Card Company, Limited <Summary> The FSA approved and published a business adaptation plan for Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Card Company, Limited based on the "Industrial Competitiveness Enhancement Act." The implementation period of the adaptation plan will be from March 2023 to February 2028. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/news/r4/ginkou/20230301.html
February 28, 2023	Overview of modifications to lending conditions by financial institutions <Summary> The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10, 2020 to January 31, 2023. *The majority of the data reflects the data until January 31, 2023, whereas the data of cooperative financial institutions reflects the data until December 31, 2022. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/ordinary/coronavirus202001/kashitsuke/20200430.html
February 28, 2023	Approval (and validation) of a business adaptation plan (in terms of information technology adaptation) for The Bank of Yokohama, Ltd. <Summary> The FSA approved (and validated) a business adaptation plan (in terms of information technology adaptation) for The Bank of Yokohama, Ltd., pursuant to the "Industrial Competitiveness Enhancement Act." The implementation period of the adaptation plan will be from March 2023 to March 2025. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/news/r4/ginkou/20230228/20230228.html
February 28, 2023	The FSA publishes the status of loans held by all banks as of the end of September 2022, based on the Financial Reconstruction Act

Others

March 2, 2023	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
February 28, 2023	Activities of the FSA's Counseling Office for Financial Services Users for the period between October 1 and December 31, 2022 <Summary> The FSA's Counseling Office for Financial Services Users offers a counseling service to respond to inquiries and comments from financial services users. Between October 1 and December 31, 2022, the counseling office received 11,185 inquiries and comments, remaining roughly flat from 10,921 cases in the previous quarter (between July 1 and September 30, 2022). The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/soudan/2022soudan10-12/2022_10-12.html
February 27, 2023	Updated list of entities that are operating financial instruments businesses without proper registration (The Kanto Local Finance Bureau) <Summary> The FSA and the Kanto Local Finance Bureau issued warnings to entities that are operating financial instruments businesses without proper registration. (See the updated list of foreign-based entities).* The list also includes the warned non-registered entities with untraceable/unidentified addresses. (Postal and/or web addresses on the list of the warned non-registered foreign-based entities reflect those shown on their respective webpages, not necessarily the addresses that could be traced and identified).  The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/ordinary/chuui/mutouroku.html
February 24, 2023	Publication of "Statistics of NISA and Junior NISA Accounts" as of December 31, 2022 (preliminary figures) <Summary> The FSA has published "Statistics of NISA and Junior NISA Accounts" (preliminary figures). As of December 31, 2022, there were approximately 18.0 million NISA accounts in total, and approximately 30.7 trillion yen (approximately 229.0 billion USD) was invested through the NISA accounts, among which, 2.8 trillion yen (approximately 21.0 billion USD) was invested through approximately 7.3 million accounts of the Tsumitate NISA (Dollar-Cost Averaging NISA) which has started since January 2018. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/policy/nisa/20230224.html
February 24, 2023	Announcement pertaining to FY2022 commendations for contribution to the dissemination and advancement of financial literacy in Japan  <Summary> The FSA and the BOJ (Bank of Japan) announced that they have decided to commend 14 individuals and one organization for their contribution to the dissemination and advancement of financial literacy among the public in Japan as of FY 2022. In light of further promoting activities to advance the nation's literacy on finance and its underlying economy, yearly commendations are given to individuals and organizations* that have adopted good practices in contributing to the dissemination and advancement of financial literacy among the public in Japan. The applicable local authorities in the respective prefectures will notify the persons or organizations to be awarded (hereinafter referred to as "the awardees") to that effect, thereby commending the awardees with the certificates of commendation co-signed by the Minister of State for Financial Services and the Governor of the BOJ in due course.   * The list of awardees is available only in Japanese. The original press release is available in Japanese at the following URL. https://www.fsa.go.jp/news/r4/sonota/20230224/20230224.html