Research Report

Finance in 10 years

Ippei Nishida
Group Leader & Senior Researcher, Financial Strategy and Society Research Group, 1st Research Department
Yusuke Matsumoto
Researcher, Financial Strategy and Society Research Group, 1st Research Department

HRI Report

The global economic trend is shifting from globalization towards a kind of "global mosaicization" in which the economic zone of each country and region is pursuing its own path in a manner that is fragmenting the global movement of people, goods, money, and data. Furthermore, dramatic advances in・・・

Challenges and Future Direction of Hydrogen Projects

Naofumi Sakamoto
Senior Strategy Staff
Global Intelligence and Research Office

Short Report

Green and blue hydrogen, regarded as key solutions for decarbonization and energy security, reached a combined global production volume of over 700,000 tons in 2024, marking a 10% increase from the previous year (Figure 1). However, this amount accounts for only about 1% of the total hydrogen currently produced, which is primarily used for・・・

Status and outlook of the expanding private credit market ~ The future of risk money that has supported the U.S. economy ~

Kenichiro Yoshida
Chief Researcher
Global Intelligence and Research Office

Short Report

Since mid-September, the stock prices of U.S. regional banks have been falling. One of the triggers was that on September 10, Tricolor Holdings (hereinafter referred to as “Tricolor”), a provider of subprime auto loans, filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code, and on September 28, auto parts company First Brands Group・・・

Rebuilding Social Values Through Well-Being Transformation

Masayasu Watanabe
Senior Researcher, 3rd Research Department
Hiroshi Nishimura
Associate Senior Researcher, 3rd Research Department

Research Project

This research focuses on Well-Being Transformation (WX) as an emerging trend in social change, following in the footsteps of Digital Transformation (DX) and Green Transformation (GX).WX is a concept that aims to restructure industries and businesses through the lens of human well-being—that is・・・

The Future of Finance: Irreversible Tectonic Shifts and the Proper Role of Financial Institutions

Nana Otsuki
Professor
Graduate School of Nagoya University of Business and Commerce

The financial industry is undergoing irreversible transformation driven by regulatory changes, technological innovation, and the rise of non-bank and digital assets. Banks must redefine their traditional business models by investing in AI and blockchain, expanding non-financial services, and developing talent, to enhance customer experience and maintain competitiveness in this new era.

The Evolution and Prospects of Digital Finance in Europe

Lorenzo Moretti
Research Fellow
Florence School of Banking and Finance, European University

Innovation has long been part of finance: from the invention of new financial instruments such as debt and fractional shares to the digitisation of trading and settlement processes, innovation has allowed people better access to capital and capital to be more efficiently deployed. Each technological leap has created efficiencies but also introduced new risks,・・・

Stablecoin and the Future of Financial Market Infrastructures

Shuji Kobayakawa
Professor
School of Political Science and Economics
Meiji University

Stablecoins have recently emerged as a prominent form of private digital money, attracting growing attention. Their ease of use has driven widespread adoption, particularly among U.S. dollar-pegged variants. However, they face challenges in integrating with central bank money. To safeguard the integrity of payment systems, it is essential to pursue technological solutions that enhance trust.

New Social Innovation Built by Ecosystems Between Financial Institutions and Companies in Other Industriesn

Hitoshi Ichimura
Senior Research Manager
Vertical & Cross Technologies Research Group
IDC Japan

Japanese financial institutions face environmental changes such as market contraction and low interest rates, and are promoting expansion into non-financial fields and collaboration with companies in other industries for sustainable growth. This paper discusses the prospects and challenges of new business models and social innovation created through mutual support between financial institutions and companies in other industries.