15th Issue, February 2012(Japanese)
Part1：Restructuring human resources at foreign financial institutions in Japan
“The second Big Wave of cutting off human resources”
Part2： The latest financial HR market situation in Japan

14th Issue, August 2011(Japanese)
Part1: The quantitative analysis of a delay of the Japanese “Investment banking businesses”and the ”Asset management businesses” in Global Market
Part2: The latest financial HR market situation in Japan

13th Issue, February 2011(Japanese)
Part1: Mismatch between supply and demand in employment of financial professionals in Japan
Part2: The financial HR market situation by type of financial business

12th Issue, August 2010(Japanese)
Part1: Decreasing commitments to the Japanese market by foreign financial firms
Part2: The HR market situation at financial firms in Japan
Part3: Performance analysis on major financial firms in the U.S and Europe

11th Issue, January 2010(Japanese)
Part 1: The present circumstances of the HR market at foreign financial institutions in Japan,
subtitled with “After the HR restructuring caused by Leman Shock “Isn’t Investment Bank necessary in Japan?”.
Part 2: Study of Labor Laws related to HR restructuring occurring at foreign financial institutions in Japan. (No.4)

10th Issue, September 2009(Japanese)
Part 1: The present circumstances of the HR market at foreign financial institutions in Japan,
subtitled with “what has financial business society learned since Leman Shock bust out a year ago?”.
Part 2: Study of Labor Lows related to problems frequently experienced by financial professionals (No.3)

9th Issue, March 2009 (Japanese)
Part 1: Present state of the restructuring in foreign financial institutions in Japan (No.3)
Part 2: Study of Labor Lows related to problems frequently experienced by financial professionals (No.2)

8th Issue, August 2008 (Japanese)
Part 1: Current situation of restructuring human resources at foreign financial institutions in Japan
Part 2: Current situation of financial human resources market in Asia "Asia Travel Report"
English version of the 8th Issue is available online   [PDF 353KB]

7th Issue, February 2008 (Japanese)
Part1: The job-switching market given significant impact by Subprime loan problem
Part2: Study of Labor Lows related to problems frequently experienced by financial professionals
English version of the 7th Issue is available online   [PDF 538KB]

6th Issue, August 2007 (Japanese)
Part 1: The HR market for Japan’s financial services under the global “excess liquidity”
Part 2: ESP’s proposal for creating “the job-switching market” for Japan’s financial services sector

5th Issue, February 2007 (English)
Recruitment dominated by Foreign Financial Institutions
English version of the 5th Issue is available online   [PDF 351KB]

4th Issue, August 2006 (Japanese)
HR demand returning to foreign financial institutions from Japanese financial institutions

3rd Issue, December 2005 (Japanese)
Soaring demand for talented people in the financial services sector
English version of the 3rd Issue is available online   [PDF 511KB]

2nd Issue, August 2005 (Japanese)
Results of survey of opinions held by professionals of the current HR market and management of financial institutions

1st Issue, December 2004 (Japanese)
Expanding the “new” investment banking business in Japan and its impact on the HR market

April 30, 2012
Why are major investment banks keeping the “hiring freeze” policy?

March 31, 2012
Employment opportunities for senior financial professionals

February 29, 2012
HSBC withdraws from wealth management businesses, both in "Private Banking" and "Premier Businesses" in Japan.

December 31, 2011
Expanding job cuts under shrinking financial businesses

November 30, 2011
Succession plan problems prevailing at foreign financial institutions

October 31, 2011
Credit Investments and its HR demand

September 30, 2011
Expanding M&As and its HR demand

August 31, 2011
The latest HR demand in the Asset Management businesses.

June 30, 2011
Are investment businesses in Japan a recovery trend ?

May 31, 2011
HR market of major securities firms in Japan that reflects their earnings slump.

April 30, 2011
Investment Banking Business is expected to take a major role for the recovery from East Japan Earthquake.

March 31, 2011
Japanese Financial Business after the East Japan Earthquake of March 11.

February 28, 2011
Prospect of Financial HR Market in 2011

December 31,2010
ESP-sponsored non-profit organization, Society to Promote Reform of the Financial Human Resources Market arranged the seminar for senior bankers at financial institutions in Japan. (2)

November 30,2010
ESP-sponsored non-profit organization, Society to Promote Reform of the Financial Human Resources Market arranged the seminar for senior bankers at financial institutions in Japan.

October 31,2010
Shrinking global investment banking in view of the declining third quarter financial result of Goldman Sachs.

September 30,2010
Impact on the global financial business given by the new regulations including Volcker Rule and Basel �V process

August 31,2010
Challenges for Japanese corporations: Transformation of the industries and Revitalization of middle capital firms

June 30,2010（Japanese)
New Financial Overhaul Bill of the U.S.

May 31,2010（Japanese)
Financial Results of the last fiscal year of major Japanese banks.

April 30, 2010 (Japanese)
Settlement Reports for the January-March quarter of major foreign financial firms.

March (Japanese)
Bankers always need to renew their knowledge on financial statements.

February (Japanese)
What generates the revenues of Investment Banks? – The role of Human Capital.

December (Japanese)
The year - 2009 ended without referring to the fundamental issues of the financial crisis

November (Japanese)
Financial HR Market is at a turning point in Japan

October (Japanese)
Concerns on Japanese mutual fund business in intense competition

September (Japanese)
Is the demand for talented financial professionals really increasing?

July (Japanese)
Compensation argued by Professionals at Foreign Financial Firms after the Financial Crisis

June (Japanese)
New Financial Paradigm after the Financial Crisis

May (Japanese)
Is the demand for financial talented people truly recovering?

April (Japanese)
Is the Financial Crisis getting over?

February (Japanese)
Growing Conflict between Democracy and Capitalism

January (Japanese)
Will the financial services business be back?

December (Japanese)
Expected “new” financial business model after the collapse of U.S. investment banks

Extra Issue, December 2008 (Japanese)
Emergency report on the present situation “after Lehman Shock” of restructuring in foreign financial institutions in Japan
English version of the Extra Issue is available online   [PDF 71KB]

November (Japanese)
Furious impact of restructuring

October (Japanese)
Required to build a new ideology after the collapse of “U.S. investment banking models”

September (Japanese)
International financial markets after “Lehman Shock”

August (Japanese)
Report on the present state of corporate restructuring at foreign financial institutions in Japan.

July (Japanese)
Serious impacts of restructuring in the finance services industry caused by the subprime problem.

June (Japanese)
Subprime problem revives the needs for qualified human resources.

May (Japanese)
The establishment ceremony of the non-profit organization and our plan.

April (Japanese)
The type of financial professionals who became a victim of Subprime problem.

March (Japanese)
The establishment of a non-profit organization named The Society to Promote Reform of the Financial Human Resources Market

February (Japanese)
How should financial professionals deal with Subprime problems in their career development?

January (Japanese)
The trend of Japanese financial market going-down in the world financial market and ESP’s proposal for creating “the job-switching market”

December (Japanese)
Japanese industrial market voicing complains about deteriorating competitiveness of the Japanese financial business with global market.

November (Japanese)
The impact of subprime mortgage crisis on the demand for financial professionals.

October (Japanese)
The trend of Japanese financial market going-down in the world financial market and ESP’s plan to create a NPO.

September (Japanese)
The current impact of the U.S. subprime loan problem to the Japanese HR market for the financial sector. - No.2

August (Japanese)
The current impact of the U.S. subprime loan problem to the Japanese HR market for the financial sector.

July (Japanese)
Expansion of "credit product" business and its demand for talented people

June (Japanese)
The "Weaken Yen" reflects shrinking dynamism at the Japanese economy

May (Japanese)
The financial results of mega-banks for fiscal 2006 ended March 2007, and their sense of urgency for reform unidentified yet.

April (Japanese)
The performance of U.S. major financial institutions for the first quarter of fiscal 2007 and its predicted impact on the Japanese financial human resources market for this year.

March (Japanese)
Recovering human resources demand for “conventional” asset management business with needed quality changing

February (Japanese)
Our prediction on demand/supply condition for the human resources market in the Japanese financial services business in 2007

January (Japanese)
Report of the writer’s observations during a business trip to London and New York

December (Japanese)
Looking back on the HR market in the financial services sector during 2006

November (Japanese)
Mega-banks’ disappointing strategy for retail business

October (Japanese)
Growing investment in Japan by overseas buy-out funds and principal investments of foreign financial institutions

September (Japanese)
Changing HR demand following the trend “from savings toward investment”

August (Japanese)
Expanding LBO financing and mezzanine funds

July (Japanese)
The arrogant manner of senior managers sometimes seen at major foreign financial institutions

June (Japanese)
Strong demand for talented people at foreign financial institutions demonstrated by aggressive hiring throughout the year

May (Japanese)
Disappointing hiring by mega-banks that posted historical earnings records for fiscal 2004

April (Japanese)
OTC equity derivative professionals move to equity financing

March (Japanese)
Stock investment appears to be returning to practices of the late `80s when investors bet only on long positions, seeking the advantage of soaring stock prices

February (Japanese)
Growing demand for professional hedge fund managers in Japanese stock investments

January (Japanese)
The Livedoor scandal and equity analysts’ corporate valuation capabilities

December (Japanese)
Mega-banks’aggressive strategy to expand in overseas markets

November (Japanese)
Cooperation between M&A, investment funds, and financing

October (Japanese)
Murakami Fund’s activities and influence on the HR market

September (Japanese)
Growing demand for investment bankers triggered by emerging MSCB

August (Japanese)
Mega-banks’ policy for hiring professionals from the MR market and their management problems

July (Japanese)
Mega-banks have begun full-fledged investing with their own money

May (Japanese)
Mega-banks are recovering financial standing without learning the lessons of the “Lost 10 Years”

April (Japanese)
Recent European banks’ aggressive hiring raises questions of their “long-term” commitment to the Japanese market

March (Japanese)
Booming alternative investments lead the recovery in demand for talented people in the asset management business

February (Japanese)
M&A battle between Livedoor and Fuji TV/Nippon Broadcasting System, and its impact on the HR market