九色

Japan’s financial regulator plans to set up a division to oversee the asset management and insurance industries, as part of its efforts to drive improvements in the sectors.

The new bureau would seek to advance the government’s goal of turning Japan into a global asset management hub while addressing misconduct in the insurance sector, according to documents reviewed by Bloomberg News. The proposal will be included in the Financial Services Agency’s staffing and organizational requests for the next fiscal year, which are due by the end of August.

An FSA official said the agency is constantly reviewing ways to improve oversight and ensure financial regulation meets user needs, but declined to comment on details of the restructuring. The Nikkei newspaper earlier reported on the potential reorganization.

The shakeup comes as the government promotes Japan as an asset management center, while the financial industry grapples with scandals including price collusion by four major non-life insurers. Under the current structure, the Supervisory Bureau oversees banks, securities firms and insurers.

Photograph: Evening commuters cross a street in Shinjuku district in Tokyo, Japan, on Wednesday, Aug. 6, 2025. Photo credit: Soichiro Koriyama/Bloomberg

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Topics Carriers