Fintech Research Forum


With advances in information technology (IT) and artificial intelligence (AI), business using new financial technology, so-called “fintech,” is developing rapidly. While it is likely that this trend will greatly change the structure of the financial industry, what specific kind of change this will bring about and how it will affect the economy overall is still unclear. Moreover, given changes in technology, important issues that will need to be considered are what kind of regulatory reforms and what kind of legal framework are desirable from the perspective of the economy as a whole.

Based on these considerations, CARF in 2015 launched the Fintech Research Forum in order to investigate these issues and make policy proposals. Given the complexity of the changes occurring, the Forum brings together experts from the fields of IT, economics, and law and, moreover, provides a venue to discuss research based on actual practice.

In addition to periodically holding public symposiums, the Fintech Research Forum in 2017 launched the Fintech Innovation Workshop to foster a closer exchange of views with practitioners and policy makers.

Public Symposiums

  • March 2018
    FY2017 Public Symposium on “The Future of Virtual Currencies and Fintech”
  • March 2017
    FY2016 Public Symposium on “The Future of Money and Payment Settlement and Advances in Blockchain Technology”
  • November 2016
    Joint Conference with the Bank of Japan Payment and Settlement Systems Department on “FinTech and the Future of Money”
  • March 2016
    FY2015 Public Symposium on “Fintech and the Future Shape of the Financial System”

Fintech Innovation Workshop

The wave of major technological innovation in the field of finance is expected to substantially change the future of the financial industry and the institutions and regulations that support it. The Fintech Research Forum therefore set up the Fintech Innovation Workshop as a venue for more meaningful discussions and research exchanges among economists, legal scholars, IT researchers, practitioners, and policy makers.

The Workshop seeks to address questions such as how the financial system and financial business will change in the future given the major advances in technology such as big data, AI, blockchain technology, etc., and what the challenges are. In addition, the Workshop examines how governments, corporations, and financial institutions should respond and what the legal and regulatory issues are.

Members (as of December 2019)

Sompo Holdings, Inc.

Koichi Narazaki

The Dai-ichi Life Insurance Company, Limited

Yoshifumi Wakayama

Daiwa Securities Group Inc.

Akihiko Ogino

Tokio Marine & Nichido Fire Insurance Co., Ltd.

Tadashi Handa

Nippon Life Insurance Company

Yuji Mikasa

The Norinchukin Bank

Koki Ogino

Nomura Holdings, Inc.

Chuzaburo Yagi

Mizuho Financial Group, Inc.

Hisashi Kikuchi

Sumitomo Mitsui Financial Group, Inc.

Katsunori Tanizaki

MUFG Bank, Ltd.

Masakazu Osawa

LINE Corporation

Kiyotaka Eguchi

Ministry of Internal Affairs and Communications

Tomoyoshi Inoue

Ministry of Internal Affairs and Communications

Keisuke Takachi

Japan Patent office

Akira Matsunaga

Ministry of Economy, Trade and Industry

Masamichi Ito

Ministry of Economy, Trade and Industry

Masuo Kuremura

Ministry of Economy, Trade and Industry

Keita Oikawa

Financial Services Agency

Toshihide Endo

Financial Services Agency

Motonobu Matsuo

Bank of Japan

Yutaka Soejima

Bank of Japan

Takashi Hashimoto

Kyoto University

Naoyuki Iwashita

The Japan Research Institute, Limited

Yuri Okina

National Institute of Informatics

Takashi Kume

CARF, The University of Tokyo

Kazuo Ueda

The University of Tokyo

Tsutomu Watanabe

The University of Tokyo

Kenichi Ueda

The University of Tokyo

Fuyuko Kido

The University of Tokyo

Junichiro Hatogai

The University of Tokyo

Noriyuki Yanagawa