Reports

Key Takeaways from the Basic Policy on Economic and Fiscal Management and Reform, Part 2: The 2030s Will Be the Litmus Test for “Responsible Active Fiscal Policy”

Fiscal management must look beyond the post–“fiscal bonus period” and should not be predicated on growth materializing

Key Takeaways from the Basic Policy on Economic and Fiscal Management and Reform, Part 1: Can High Growth be Achieved Through Crisis Management Investments and Growth Investments?

Productivity growth outpacing that of the US will be required, and managing the progress of growth strategy will also be a challenge

Middle East Situation Enters a New Phase; Persistently High Crude Oil Prices Likely to Expand the Outflow of Income Overseas

Easing Semiconductor Supply–Demand Tightness and Weak External Demand Will Likely Become Factors that Further Increase Downward Pressure on Future Trading Losses

Post-Quantum Cryptography

Proof of Concept Results and Crypto-Migration Strategy at Daiwa Securities Group

Yen at its Weakest Against the Dollar in About 40 Years – What Impact Will This Have on the Japanese Economy?

Benefits of the weak yen have been unevenly distributed; impact on real GDP over the past year was -0.14%

Uncertainties for the Japanese Economy Caused by the Naphtha Problem

Rising prices are unavoidable, and if supply shortages occur, they could further drag down the economy

Could the Sharp Drop in Passenger Car Exports to the Middle East Pose a Risk to the Japanese Economy?

While domestic sales and exports to other regions are supporting production, developing alternative distribution routes remains a challenge

Japan’s Economy: Monthly Outlook (June 2026)

Impact of Middle East Developments After the U.S.-Iran Memorandum of Understanding and Support from AI Demand, Consumption Tax Cuts and Income-Linked Benefits

The Rise of Agentic AI and the Polarization of AI Costs

Moving toward an era where the more advanced the AI is—and the more complex the tasks it handles—the higher the cost

Can the Japanese Economy Achieve Sustainable Growth? —Examination of Future Scenarios Using the DIR Macroeconomic Model

Integrated Efforts Are Needed in Private-Sector Reform, Supply Capacity Enhancement, and Fiscal Consolidation