Discussions up to the present of the Securities Exchange Council's General Committee

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.


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