~ 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

Economy cruising at low altitude, but avoiding bottom falling out. In this report we examine the following: (1) Future of decoupling of domestic and overseas demand, (2) Advanced nations retain fiscal strength (No. 203Update)[Summary]

Japan to see real GDP growth of +0.9% in FY19 and +0.5% in FY20, with nominal GDP growth of +1.6% in FY19 and +1.0% in FY20.

Revision of Foreign Exchange Law Regarding Inward Direct Investment

Concerns that portfolio investment could be impeded are limited

Economy cruising at low altitude, but avoiding bottom falling out. In this report we examine the following: (1) Future of decoupling of domestic and overseas demand, (2) Advanced nations retain fiscal strength(No.203)[Summary]

Japan to see real GDP growth of +0.8% in FY19 and +0.4% in FY20, with nominal GDP growth of +1.4% in FY19 and +1.0% in FY20.

Japan’s Economy: Monthly Outlook (November 2019)

Main cause of slowdown switches from overseas demand to domestic demand

Thorough Analysis of Last-Minute Demand(by Industry & Product)

Most prominent in areas that fell through the cracks. Be on the alert for future reactionary decline.