Japan’s Financial Services Agency Announces Basic Policy Evaluation Plan

On June 22, 2026, Japan’s Financial Services Agency (FSA) announced a basic policy evaluation plan aimed at enhancing the effectiveness and transparency of its regulatory framework. This development is crucial for foreign entrepreneurs as it signals a commitment to improving the business environment in Japan, making it easier for foreign businesses to navigate regulations and compliance requirements.

Background & Context

The Financial Services Agency (FSA) of Japan is responsible for overseeing the country’s financial system, ensuring its stability, and protecting consumers. The agency’s new policy evaluation plan is part of its broader strategy to refine regulatory practices and improve stakeholder engagement. Historically, Japan’s financial regulations have been characterized by a complex framework that can be challenging for foreign businesses to navigate. The FSA has been working on reforms since the Financial Instruments and Exchange Act (Kin’yū Shōhin Torihiki-hō) was amended in 2010, with subsequent updates in 2016 and 2021 aimed at enhancing transparency and accountability. The latest plan, announced in 2026, reflects ongoing efforts to adapt to global financial trends and improve the regulatory landscape for both domestic and foreign entities operating in Japan.

How This Affects Your Business in Japan

Item	Cost (JPY)	Cost (USD approx)	Notes
Company Registration	¥150,000	$1,000	Standard registration fee
Notary Fee	¥50,000	$350	For document notarization
Visa Application	¥4,000	$30	Business Manager visa

1. Foreign Residents Already Operating a Business in Japan
For those currently running a business, the new policy evaluation plan may lead to more streamlined processes and clearer guidelines for compliance. It is advisable to stay updated on any changes in regulations that may arise from this plan. Regularly consult the FSA’s website for updates and consider engaging with local business associations for insights. Failure to adapt to new regulations could result in compliance issues or penalties.

2. Foreign Nationals Planning to Establish a New Company
For prospective entrepreneurs, this new plan may signal a more welcoming environment for foreign investment. It is essential to conduct thorough market research and understand the regulatory requirements before launching a business. Key documents typically required include a business plan, proof of identity, and financial statements. Engaging a legal advisor familiar with Japanese business law can mitigate risks associated with compliance.

3. Foreign Investors Who Are NOT Residents of Japan
Investors looking to enter the Japanese market should monitor the implications of the FSA’s policy evaluation plan. This could lead to improved investment conditions and regulatory clarity. It is recommended to consult with financial advisors who specialize in Japanese investments to understand the potential risks and opportunities. Not acting on these developments could mean missing out on advantageous investment opportunities as Japan continues to evolve its financial regulations.

Step-by-Step: What You Need to Do

Step 1: Research the FSA’s Policy Evaluation Plan
Visit the FSA’s official website for the latest updates. English support is available.
Office: Financial Services Agency (English Support: Yes)
Cost: Free (¥0)
Time: 1-2 hours
Pitfall: Overlooking updates

Step 2: Consult with a Legal Advisor
Engage a legal professional experienced in Japanese business law to understand how the new regulations may affect your business.
Office: Legal Consultation Firms (English Support: Limited)
Cost: ¥50,000 to ¥150,000 (~$350 to $1,000 USD)
Time: 1-2 weeks
Pitfall: Choosing inexperienced advisors

Step 3: Prepare Necessary Documentation
Gather required documents such as business plans and financial statements.
Office: Self-preparation or Legal Firms (English Support: Limited)
Cost: Varies
Time: 1-2 weeks
Pitfall: Incomplete documentation

Step 4: Submit Applications or Compliance Reports
Depending on your business activities, submit any necessary applications to the FSA.
Office: Financial Services Agency (English Support: Limited)
Cost: Application fees vary
Time: 1-4 weeks
Pitfall: Missing deadlines

Step 5: Stay Updated on Regulatory Changes
Regularly check the FSA’s website and engage with local business networks.
Office: Financial Services Agency (English Support: Yes)
Cost: Free (¥0)
Time: Ongoing
Pitfall: Ignoring updates

Key Contacts
www.jetro.go.jp/en/
www.moj.go.jp/isa/
www.customs.go.jp/english/
www.nta.go.jp/english/
www.meti.go.jp/english/
www.fsa.go.jp/en/

Expert Analysis: Japan vs. Regional Competitors

Metric	Japan	Singapore	Hong Kong	South Korea
Incorporation Time	14 days	3 days	5 days	10 days
Minimum Capital Requirement	¥1	S$1	HK$1	₩100
Corporate Tax Rate	23.2%	17%	16.5%	22%
Visa Processing Time	4 weeks	2 weeks	3 weeks	4 weeks

What to Expect Next

Looking ahead, it will be crucial to monitor how the FSA’s policy evaluation plan unfolds and whether it leads to tangible improvements in Japan’s regulatory landscape. Key timelines to watch include any announcements regarding specific regulatory changes or new initiatives within the next 12-18 months. Additionally, potential legislative proposals aimed at further enhancing the business environment for foreign investors may emerge, signaling Japan’s commitment to fostering a more competitive market.

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Sources & References

This article is based on the following source and enhanced with professional analysis for foreign business owners.
Source: 金融庁における政策評価に関する基本計画について公表しました

⚠️ This article is for informational purposes only and does not constitute legal advice. Please consult a qualified Japanese attorney (bengoshi) or judicial scrivener (shiho shoshi) for advice specific to your situation.