ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan overhauls financial watchdog for fintech age

New technologies require legislation and market discipline

Japan's financial watchdog has received its first major reshuffle since it was created in 2000.   © Reuters

TOKYO -- Japan revamped the Financial Services Agency effective Tuesday to make the watchdog more suited for responding to new challenges in the field, such as the rise of cryptocurrencies.

The newly created Strategy Development and Management Bureau replaced the Inspection Bureau, a powerful arm tasked with containing financial crises. The bureau will devise financial policy strategy and handle tasks that encompass wide-ranging fields, such as financial technology, virtual currencies and money laundering.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more