~ 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

Improving Business Environment Oriented Toward an International Financial Center

Environment improves for overseas companies in the areas of corporate tax, inheritance tax, income tax, registration procedures, etc.

BOJ March 2021 Tankan Survey

Improvement in business conditions DI exceeds market expectations for both manufacturing and non-manufacturing industries

Japan’s Economy: Monthly Outlook (Mar 2021)

Post-state-of-emergency economic outlook / additional economic measures expected in the future

Consumption Expenditure to Decline by 60-70 Bil Yen due to Non-acceptance of Spectators from Overseas at Tokyo Olympic / Paralympic Games.

Limited impact on Japanese economy seen even if overseas customers are not accepted

Payout by Japanese Firms During COVID-19 Pandemic

Three environmental changes to be considered for future payout