NLI Research Institute

New Report

28/12/2007

Subprime Mortgage Crisis Casts a Global Shadow－Medium-term Economic Forecast (FY 2007～2017)

The U.S. subprime mortgage crisis has roiled global financial markets and will continue to sway the world economy for several y...

Koichi Haji
17/12/2007

Assessing Private Pension Plan Regulation in Japan

This paper examines the regulation and legal practices of Japanese private sector pensions and compares them to the OECD Recom...

Masaharu Usuki
10/12/2007

Preventive Behavior and Health Guidance from the New Perspective of Gerontology

A national disease management program (specified health examination and guidance program) that targets lifestyle illnesse...

Nobuhiro Maeda

Social Improvement and Life Design Research Department
13/11/2007

New Outlook is Needed to Ease Pension Anxiety

Ahead of the 2009 financial verification of the public pension system, the outlook for pension finances should already have be...

the Economic Research Dept.
12/11/2007

Subprime Loan Problem and the Securitization Market

Financial engineering has taken much blame for the turbulence in global financial and securities markets sparked by the U.S. s...

Yukio Muromachi
02/11/2007

Structural Changes in Saving and Income of Elderly Households

Despite the decrease in average pension benefits since the late 1990s, more elderly households are choosing not to work, in par...

Tatsuya Ishikawa
12/09/2007

Educational Reform Through the Arts－Initiatives from Abroad and the Challenge for Japan

More artists are providing creative education in schools across Japan. Their origin can be attributed to arts outreach progra...

Mitsuhiro Yoshimoto
23/08/2007

M&A Event Risk of Corporate Bonds

As M&A activity intensifies in Japan, the “M&A event risk” of corporate bonds can emerge in three ways...

Hiroshi Tsuda
16/08/2007

Trends in the Real Estate Investment Market

As seen by the vigorous growth of J-REITs and private real estate funds, Japan’s real estate investment market is thriv...

Masanori Oka
03/08/2007

Economy Must Shift to Consumption-Led Growth－Economic Forecast for FY 2007-2008

The economy’s performance was mixed in January-March (Q1) 2007. Although real GDP expanded 3.3% (annualized), indus...

Taro Saito

Economic Research Department
04/07/2007

Status and Causes of Regional Disparity in the Economic Recovery

Regional disparities in the strength of the current economic recovery can be partly explained by differences in industrial st...

Satoshi Shinohara
15/06/2007

Social Inclusion and the Arts－Cases of Collaboration with Social Welfare

In recent years, social inclusion−a concept that aims to create conditions for everyone to be embraced by society and t...

Akemi Tsukada
13/06/2007

Pension Fund Management and Socially Responsible Investment －Thoughts from Yakushima

The 7,200-year old Jomon-sugi cedar tree on Yakushima Island is a truly awesome sight to behold. This irreplaceable natural wo...

Koji Inui
18/05/2007

Assessing the Insufficient Employment Sentiment in Light of Labor Share Trends

Excessive employment, which plagued the post-bubble economy for a decade, has finally ended. Today, sentiment is mounting to...

Taro Saito

Economic Research Department
27/04/2007

Periodic Adjustment of the Topix Index Free-Float Weighting and Implications for Index Management

Free-float weights of the Topix Index are revised on a quarterly basis. Since weighting changes are announced prior to impleme...

Yuko Iwaki
27/04/2007

Accounting for Plan Sponsors-Trends in the Discount Rate and Expected Return on Plan Assets

Five years after the introduction of new accounting rules, both the discount rate and expected return on plan assets—t...

Masaharu Usuki
18/04/2007

Family and Residence in the Gracefully Aging Society-Integrating Housing and Community

Elderly persons now comprise over 20% of the population, making Japan the world’s most aged society. As people live lon...
30/03/2007

New Equity Index May Overcome Problems of Capitalization-Weighted Indexing

We apply a new indexing method developed in the U.S. to Japanese equities. Backtesting of the new index indicates a significant ...

Shingo Ide

Financial Research Department
29/03/2007

The Diverse Evolution of Traditional Corporate Boards in Japan

After Sony introduced a new executive officer system in 1997, Japanese corporate boards began evolving at a rapid pace. We over...

Keisuke Nitta
29/03/2007

On the Possibility of Pension Revision in 2009

In the past, the public pension system was revised every five years based on a "financial recalculation" and census ...

Kunio Nakashima

Insurance Research Department
22/03/2007

Point Card Programs -- Their Evolution and Prospects

More businesses are awarding points to customers who purchase qualifying merchandise or services. While point cards are inte...

Keisho Komoto
31/01/2007

J-REIT Market Trends -- Implications of the Growth of Index Funds

Propelled by attractive dividend yields and the real estate market recovery， the five-year-old J-REIT market has gro...

Hiroto Iwasa

Financial Research Department
12/01/2007

2002 Expansion to Set a Postwar Record -- Short-term Economic Forecast (FY 2006～2007)

Real economic growth slowed to a 0.2% sequential pace (0.8% annualized) in the third quarter of 2006. As consumption decreased...

Koichi Haji
26/12/2006

The Economic Impact of Aging Baby Boomers -- Medium-term Economic Forecast (FY 2006～2016)

Japan， the U.S. and Europe share a common challenge in the next decade -- accommodating the aging of postwar baby boomer...

Koichi Haji
07/12/2006

Hedging with Bond Futures -- A Way to Prepare for Rising Interest Rates

Termination of the zero-interest rate policy has made it necessary to prepare for rising interest rates. Bond futures are a com...
20/11/2006

Implications of the Proposed Consumption Tax Rate Increase on Housing -- Lessons from the EU

Fiscal restructuring is a key issue in the post-Koizumi era. The consensus view sees a consumption tax rate hike as inevitable. ...

Fumio Shinohara

Social Development Research Department
07/11/2006

Structural Analysis of Over-Consumption in the U.S.

Personal consumption expenditures in the U.S. have been criticized as being excessive relative to disposable personal incom...

Susumu Doihara
11/10/2006

The Acceleration of China's Financial Reforms -- Pursuing More Efficient Resource Allocation

China's economy has been prone to excess investment because the financial system， which centers around indirect finance by st...

Sayuri Ito

Economic Research Department
08/09/2006

Improving the Public Pension Statement -- Suggestions Based on Survey Results

The government is studying ways to enhance the public pension statement. By informing participants about their estimated ben...

Masaharu Usuki
07/08/2006

The Relevance of Retirement Plans to Human Resource Management at Second-Tier and Small & Medium Enterprises

Second-tier and small & medium enterprises are revising their retirement plans ahead of the 2012 deadline for phasing out ...