Japan reviews structured bonds complexity, pricing transparency

Japan’s Financial Services Agency (FSA) is stepping up its scrutiny of structured bonds sold to retail investors, citing concerns about product complexity and pricing transparency, according to Toshinori Yashiki, deputy director-general at the FSA. The review will investigate 1,662 retail structured bonds with US$32.7 billion outstanding in Japan, US$5.3 billion of which comes from the products issued in 2022, SRP data shows. Many investors who invested in structured products in the pas