The 1st meeting (June 21, 1996)
Theme : "Method of advancing discussions in the future"
- Explanation by the Securities Bureau
The 2nd meeting (July 9, 1996)
Theme : "Trends in the securities markets of the U.S. and UK"
- Hearing
Minoru Nakamura (Capital market research department general manager, Nomura Securities Research Institute)
Kiyoshi Nikami (Senior Economist, Japan Securities Research Institute (Osaka))
The 3rd meeting (July 23 1996)
Theme : "Assessment and consideration based upon historical and international focal points of Japan's securities market"
- Reference hearing
Peter Tasker (Strategist, Dresdner Kleinwort Benson, Ltd.)
Mikiya Higano (Associate professor, Tokyo Metropolitan University)
The 4th meeting (September 10, 1996)
Theme : "The diversification of financial products and the discriminating strategy of security firms"
- Hearing
Akio Kawamura (Managing Director, Solomon Brothers-Asia (Tokyo) Branch manager)
The 5th meeting (September 30, 1996)
Theme : "The electronization of securities transactions"
- Hearing
Yasuyuki Fuchida (Senior researcher, Nomura Securities Research Institute)
Theme : "The hollowing-out of Japan's securities market"
- Keynote report
Toshio Suzuki (Chairman of the board of counsellors, Nomura Research Institute)
The 6th meeting (October 9, 1996)
Theme : "The relation between fair trade rules and free competition"
- Keynote report
Tatsuo Uemura (Professor, Law department, Rikkyo University)
The 7th meeting (October 25, 1996)
Theme : "Market vision of the future"
- Keynote report
Kazuo Ueda (Professor, Economics department, Tokyo University/Committee member, Securities Exchange Council subcommittee)
The 8th meeting (November 5, 1996)
Theme : "The review of Discussions up to the present"
The 9th meeting : (November 13, 1996)
Theme : "The review of Discussions up to the present"
The 10th meeting (November 29, 1996)
Theme : "The review of Discussions up to the present"
The 11th meeting (December 17, 1996)
Theme : "Concerning "Investment products""
The 12th meeting (December 20, 1996)
Theme : "Concerning "Markets""
The 13th meeting (January 14, 1997)
Theme : "Concerning "Market intermediaries""
The 14th meeting (February 28, 1997)
Theme : "Policies for the raising of stock investment prices, and securing fair prices"
- opinion statement
Shosuke Ide (Executive fellow, Nomura Management School)
Kathy Matsui (Goldman Sachs (Japan Ltd.), vice president and chief strategist, investment research department)
Theme : "Policies for making stock investment more familiar to private investors""
- Opinion statement
Keitaro Hasegawa (Chairperson of the board of directors, Individual Investors Association)
The 15th meeting (March 19, 1997)
Theme : (Actions surrounding the council)
"Discussions of all working parties"
Note: Within the General Committee, three working parties (WP1
(Investment Products), WP2 (Markets), WP3 (Market intermediaries)
were established and discussions about detailed examination items
were carried out.
[About the financial system reformation (The Japanese version of the Big Bang)]