PwC Legal Japan - Our people - Makoto Hibi

Makoto Hibi

Makoto Hibi is an attorney-at-law admitted to practice in Japan. He has extensive experience in the Japanese market advising on a wide range of financial regulations including capital market and banking regulations. His practice also covers a variety of financing matters including acquisition finance, asset finance and real estate finance. 

In addition to financial issues, he also provides legal services related to compliance and a range of regulatory issues including personal data, anti-bribery and anti-corruption, business and human rights.    

Prior to joining PwC Legal Japan, Makoto worked as in-house counsel at a major Japanese financial institution. Prior to that, he also worked for a finance boutique law firm based in Tokyo. 



University of Tokyo (B.A.)


London School of Economics and Political Science (LL.M.)

Professional experience


Hashidate Law Office


Atsumi & Sakai


Secondment to WongPartnership LLP, Singapore


Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.


PwC Legal Japan


November 2023 Risk & Governance Newsletter (November 2023)
May 2023 Numerical criteria introduced for clarifying the scope of regulations on crypto-assets in Japan
December 2022 PwC Global Crypto Regulation Report 2023
May 2022 Japanese Regulations on Non-Fungible Tokens (NFTs)

Februrary 2022

Japan establishes new exempted structures for investment management businesses
July 2021 Japan Establishes New Exempted Structures for Investment Management Businesses
July 2021 New Japanese Regulation on Telecomunications Businesses Provided by Foreign Business Operators

April 2021

Asset Managers & FinTech Companies Registration Guidebook (Co-author: Tokyo Metropolitan Government, Supervisor: Financial Services Agency)

April 2019

Newsletter on proposed revisions to regulations on virtual currencies (crypto-assets) and ICOs in Japan (co-author)

November 2017

Newsletter regarding the iIntroduction of high frequency trading regulations to Japan