Overview
This document provides an overview of the table of contents and featured articles in the July 2025 issue of "Monthly Capital Market" published by the Capital Market Research Institute.
The current issue features a paper by Professor Tsutomu Fujita, Visiting Professor at the Graduate School of Business Administration, Hitotsubashi University, titled "What Are the Conditions for Success in Asset Management Nation (Part 1): Advanced and Cost-Effective Financial Services Industry Essential." Additionally, Takahiro Usui, Research Officer at the Tokyo Stock Exchange Equity Division, reports on "Study Group Summary on Small-Amount Investment Approaches," presenting specific examination results regarding investment environment improvements for individual investors.
Concerning ESG investment, Yasunobu Katsuki and Masatsugu Wada from Mizuho Securities Sustainability Promotion Department contribute "Impact-Oriented Approaches Beyond Anti-ESG," proposing new investment approaches considering recent anti-ESG trends. For international environmental policy, Professor Mitsuru Yaguchi of Kyoto Tachibana University Faculty of Economics and Visiting Researcher at the Institute for International Monetary Affairs analyzes "International Response to the EU Carbon Border Adjustment Mechanism Now in Operation: Is Multilateral Agreement on Emission Measurement Standards Possible?" examining the international impact and challenges of the EU Carbon Border Adjustment Mechanism (CBAM) operational since 2023.
Regarding the Stewardship Code, Professor Ryoko Ueda of SBI Graduate School and Visiting Professor at Kyoto University Graduate School of Management contributes "2025 Stewardship Code Revision: Aiming for Further Enhancement of Stewardship Activities Based on Practical Developments," explaining specific revision content toward sophisticated engagement activities by institutional investors.
In economic policy, Chief Economist Toshihiro Nagahama of Dai-ichi Life Research Institute contributes a column "Implications of US Debt Downgrade for the Japanese Economy: Room for Wise Spending While Maintaining Fiscal Indicator Improvements Accompanying Inflation," analyzing the impact of US fiscal problems on the Japanese economy and policy responses.
The articles demonstrate that this specialized journal comprehensively addresses diverse capital market challenges from both academic and practitioner perspectives, serving as an important information source for policymakers and financial institution stakeholders.
This summary was automatically generated by AI. Please refer to the original article for accuracy.
This document provides an overview of the table of contents and featured articles in the July 2025 issue of "Monthly Capital Market" published by the Capital Market Research Institute.
The current issue features a paper by Professor Tsutomu Fujita, Visiting Professor at the Graduate School of Business Administration, Hitotsubashi University, titled "What Are the Conditions for Success in Asset Management Nation (Part 1): Advanced and Cost-Effective Financial Services Industry Essential." Additionally, Takahiro Usui, Research Officer at the Tokyo Stock Exchange Equity Division, reports on "Study Group Summary on Small-Amount Investment Approaches," presenting specific examination results regarding investment environment improvements for individual investors.
Concerning ESG investment, Yasunobu Katsuki and Masatsugu Wada from Mizuho Securities Sustainability Promotion Department contribute "Impact-Oriented Approaches Beyond Anti-ESG," proposing new investment approaches considering recent anti-ESG trends. For international environmental policy, Professor Mitsuru Yaguchi of Kyoto Tachibana University Faculty of Economics and Visiting Researcher at the Institute for International Monetary Affairs analyzes "International Response to the EU Carbon Border Adjustment Mechanism Now in Operation: Is Multilateral Agreement on Emission Measurement Standards Possible?" examining the international impact and challenges of the EU Carbon Border Adjustment Mechanism (CBAM) operational since 2023.
Regarding the Stewardship Code, Professor Ryoko Ueda of SBI Graduate School and Visiting Professor at Kyoto University Graduate School of Management contributes "2025 Stewardship Code Revision: Aiming for Further Enhancement of Stewardship Activities Based on Practical Developments," explaining specific revision content toward sophisticated engagement activities by institutional investors.
In economic policy, Chief Economist Toshihiro Nagahama of Dai-ichi Life Research Institute contributes a column "Implications of US Debt Downgrade for the Japanese Economy: Room for Wise Spending While Maintaining Fiscal Indicator Improvements Accompanying Inflation," analyzing the impact of US fiscal problems on the Japanese economy and policy responses.
The articles demonstrate that this specialized journal comprehensively addresses diverse capital market challenges from both academic and practitioner perspectives, serving as an important information source for policymakers and financial institution stakeholders.