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Japan FinTech Observer #23

Japan FinTech Observer #23

Welcome to the twenty-0. 33 edition of the Japan FinTech Observer. This week, we've crossed 7,000 subscribers, and we recognize you all spending your valuable time with us. Since there is pretty a float of non-FinTech information crossing our desk as well, we have created the “Japan Startup Observer” LinkedIn organization in the wish that those who are interested broadly in the Japanese startup surroundings locate it useful, and may additionally make contributions.

Here is what we're going to cover this week:

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  • Venture Capital & Private Equity: Nomura invests into a fund controlled via New Forests Asia; Headline invests in Vietnam’s MFast; gumiCryptos invests in IronMill; Mitsui Sumitomo Insurance invests in nuclear fusion and autonomously using trucks; Incubate Fund invests in Cerby & Hyperithm in Campaign; Softbank exits some Latin American investments and sells a stake in India’s Zomato
  • Regulation: the FSA released its administrative objectives for this 12 months
  • Payments: the BOJ published the English variation of its annual assessment
  • Capital Markets & Asset Management: the TSE published the effects of its survey of global traders concerning English disclosures of Japanese companies; the TSE will even update its incentives for ETF industry making on October 1; the OSE’s TONA attention charges futures were a smashing achievement in view that launching in May; Rakuten Securities and SBI Securities will pass “0 charge” for domestic inventory trading
  • The Last Word: A History of 10Y JGB Yields

Forbes Asia 100 to Watch

Japan FinTech Observer #23

Forbes has published its cross-industry record of 100 Asia startups to look at, and whilst now not a systematic survey, it does provide every other data factor for the startup ecosystem in Japan, which accounted for three of the startups covered, from the biotechnology and organization technology sectors. Regional FinTech management is said once more by means of Hong Kong and Singapore, with each contributing 4 FinTech startups to the checklist.

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Venture Capital & Private Equity

  • Nomura has entered into an agreement via a subsidiary to spend money on Tropical Asia Forest Fund 2, a Southeast Asia forestry fund managed by New Forests Asia; this is Nomura’s first funding into a forest fund managed by New Forests; Mitsui & Co., Ltd., a joint shareholder of New Forests, has also signed an investment settlement with TAFF2
  • MFast is a monetary product distribution platform with a leading network of collaborators in Vietnam; the corporation correctly raised USD 6m in a Series A investment round led by Wavemaker Partners, with the participation of new traders Finnoventure Fund I (managed by Krungsri Finnovate — owned by MUFG) and Headline — Asia , along side other investors
  • IronMill announced that it has raised USD 2.6m in seed funding led by gumi Cryptos Capital , and along with LongHash Ventures , Superscrypt , Kestrel, and others
  • nT-Tao Compact Fusion Power announced that Mitsui Sumitomo Insurance Group Venture Capital has joined the Series A funding round in a deferred investment for an undisclosed sum
  • 株式会社T2 has raised a complete of JPY 3.5bn (USD 24m) in a Series A round with participation from Mitsui Sumitomo Insurance and Sumitomo Mitsui Trust Bank, along Usami Mineral Oil, Toho Acetylene, Mitsui-Soko Logistics, JA Mitsui Lease, KDDI Corporation, Kiyo Capital Management, and Daiwa Logistics, to amplify its Level four self reliant truck application
  • Cerby increases USD 17m to mitigate the risks of nonstandard applications; Incubate Fund participated on this Series A
  • Hyperithm has invested in Campaign, a no-code platform for creators and types to build purchaser engagement applications
  • SoftBank Investment Advisers exited stakes in Pismo , Avenue Holdings Cayman, and Yaydoo; SoftBank Group Corp. says they continue to be devoted to Latin America; the corporation has invested USD 7.6bn in the location and has USD 2bn reserved for future investments in Latin America
  • SoftBank’s Vision Fund also sold a 1.17% stake in Indian food delivery firm Zomato in a deal worth nine.forty seven billion rupees ($114.7 million)


  • The Financial Services Agency, Japan (JFSA, 金融庁) published its “Financial Administration Policy,” that's a set of priority problems in monetary administration and regulations for addressing monetary administration for the 2023 administrative year; with an English variation of the document presently not to be had, we have furnished a translation of the evaluate phase


  • The Bank of Japan published the English translation of its “Annual Review 2023”, covering the economic year that led to March, and there were eight mentions of “CBDC”, re-confirming the Bank’s wondering around the undertaking

Capital Markets & Asset Management

Japan FinTech Observer #23
  • The Tokyo Stock Exchange has published the results of its second survey of remote places investors on English language disclosures by Japanese companies (the primary survey become conducted two years ago); the verdict: zero percent satisfied
  • The Tokyo Stock Exchange brought an ETF Market Making Incentive Scheme so one can enhance liquidity in the ETF marketplace in July 2018; thereafter, TSE launched ETF Market Making Scheme Version 2.0 (Ver.2.0) in April 2019 and will now be updating said scheme on October 1, 2023
  • With an expected upward push in Japanese attention charges, 3-Months Tokyo overnight common fee (TONA) Futures have attracted the attention of investors international since debuting on the Osaka Exchange in May
  • Both SBI Securities and Rakuten Securities, Inc. announced that they may start supplying zero price home inventory trading beginning from the end of September and beginning of October, respectively; this movements comes in mild of surging (in JPY terms) Japanese stock markets, and a number of latest entrants such as Woodstock, Webull Securities (Japan) Co. Ltd., and Bloomo Securities

Other Media

  • Ministry of Finance, Japan, “Japanese Government Bonds Newsletter”, August 2023 adaptation
  • Bank of Japan, “Annual Review 2023”
  • Bank of Japan Governor Ueda at the Jackson Hole Economic Policy Symposium, “Globalization at an Inflection Point”
  • Blockchain Governance Initiative Network, recordings of the sixth session in July 2023

The Last Word — A History of 10Y JGB Yields

Japan FinTech Observer #23

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Also Read: 4 Tips to Safely Invest in Cryptocurrency

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