Japan

Know about the book -

Japan is written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1484319958 (ISBN 10) and 9781484319956 (ISBN 13).

This report assesses the observance of Basel Core Principles for Effective Banking Supervision in Japan. Banking regulations and supervisory processes have undergone significant improvements since the last Financial Sector Assessment Program. The Japan Financial Services Agency is in the process of reforming its supervisory practices and has been shifting its focus from assessing compliance with prudential requirements to a more sophisticated and forward-looking risk-based approach to supervising banks and bank holding companies. Although the supervisory framework is generally sound, some key priority areas need to be addressed. Corporate governance and risk management remains an area that needs further work to strengthen independence of boards.