JAPAN Trends and Developments Contributed by: Keiji Tonomura, Shu Sasaki, Kazuyuki Ohno and Otoki Shimizu, Nagashima Ohno & Tsunematsu
as a banking business licence or fund transfer business registration. Based on the 2025 Report, the government submitted the relevant bill to the National Diet in March 2025. Since it is likely that regulations or guidelines governing cross-border collection agencies are expected to be established, future regulatory developments in this regard should be closely monitored. According to the 2025 Report, there is no particular change to the argu - ment detailed in the 2019 Report with respect to domestic collection agencies. Therefore, it appears that the previous argument will likely be adopted with respect to non-cross-border col - lection agencies. However, it is expected that regulations on “exchange transactions” , includ - ing collection agencies services, will continue to be discussed. As a result, these regulatory developments should also be closely monitored.
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