~ Completion of "Phase 2” ~

A subsequent project of Blockchain / DLT applicability to the Post-Trade Processing

Daiwa Securities Group and the University of Tokyo Initiate Social Cooperation Program

Initiating research collaboration to develop next-generation financial services using forefront technology

Start of Stock Trading on Yangon Stock Exchange

Signing of Joint Venture Agreement to Establish Yangon Stock Exchange

Tokyo Financial City Vision

Vitalizing Japan’s Financial and Capital Markets as a Pillar to the New Growth Strategy

Japan’s Economy: Monthly Outlook (July 2019)

1.Implications of US-China negotiations resuming, and deeper significance of G20,2.Overtime regulations with penalties go into effect – are corporations prepared?,3.Checking on status quo of last minute demand prior to consumption tax hike

Japan’s Economy: Monthly Outlook (June 2019)

No recovery for domestic demand without growth in overseas demand

US-China Trade Friction: What Direction will it take?(No. 201 Update)[Summary]

Japan to see real GDP growth of +0.6% in FY19 and +0.5% in FY20, with nominal GDP growth of +1.6% in FY19 and +1.2% in FY20.

US-China Trade Friction: What Direction will it take?(No. 201)[Summary]

Japan to see real GDP growth of +0.5% in FY19 and +0.5% in FY20, with nominal GDP growth of +1.4% in FY19 and +1.2% in FY20.

Japan’s Economy: Monthly Outlook (May 2019)

Resumption of US-China “cold war” could cause Japanese exports to suffer a maximum decline of around 1.3 tril yen