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Aug. 01, 2023 Marubeni Corporation The Joyo Bank, Ltd. On August 1, 2023, OwnerShip Co., Ltd. , a system subsidiary company of Digital Securities...
Press Conference By ASO Taro, Japan Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Bill To Partially Amend The Banking Act Date [Opening remarks:] The “Bill to Partially Amend the Banking Act, etc.” was approved by the Cabinet today. Aimed at strengthening financial functions and ensuring stabilization, this bill first makes it possible to add operations that contribute to digitalization and regional revitalization, which will be important in a post-coronavirus era, to the operations of financial institutions. Second, it creates a notificat...
Further Details of the FIP System Other Matters Addressed in the Draft Ordinances Future Outlook In the upcoming fiscal years, we will see the implementation of critical changes to the REA, which has been amended by the “Act to Partially Amend the Electricity Business Act and Other Acts in Order to Establish a Resilient and Sustainable Electricity Supply System,” promulgated on June 12, 2020 (Act No. 49 of 2020; the “ Energy Resiliency Act”). In particular, the introduction as of April 1, 2022 of a new (1) FIP system, (2)decommissioning cost reserve scheme, and (3) nullification rule ...
The Nullification Rule and the Feed-in Premium (FIP) system, which will have significant impact on Japan’s renewable market, have recently received further clarification. Both instruments, as reported in our Japan Renewable Alert 44, will be introduced, effective as of April 1, 2022, by the amendments to the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities (Act No.108 of 2011; the “ REA”) pursuant to the Act to Partially Amend the Electricity Business Act and Other Acts in Order to Establish a Resilient and Sustainable ...
1. METI's Measures for Nonoperating Projects Now Open for Public Comments On September 7, 2020, the Ministry of Economy, Trade and Industry (" METI") announced the draft outline of the amendments to regulations regarding the introduction of arrangements for the Nullification Rule (described below), to be effective on April 1, 2022 (the " Effective Date"), and other points (the " Draft seehere, available only in Japanese). The Nullification Rule, intended to invalidate a FIT/FIP approval if the project fails to commence operation within a certain period of time from the approval (the " Nullifi...