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20 15 10 5 Tier1 8.0 0 08 09 10 11 12 13 14 15 16 17 18 19 6

MMF MMF 9

10,000 10,000 10

180 170 160 GDP 150 140 130 120 110 100 01/3 02/9 04/3 05/9 07/3 08/9 10/3 11/9 13/3 14/9 13

50 40 30 45.7 38.2 35.1 38.8 42.9 46.8 38.1 20 10 11.7 9.5 7.5 6.8 6.8 6.5 5.5 0 09 10 11 12 13 14 15 17

ー 23

30 25

26 31

10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 0-5- 10-15- 20-25- 30-35- 40-45- 50-55- 60-65- 70-75- 80-35

ERM ERM ERM ERM ERM ROE 39

35 60 30 25 20 15 50 40 30 10 20 5 10 0 0 00/3 01/3 02/3 03/3 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 00/3 01/3 02/3 03/3 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 42

25,000 6,000 20,000 5,000 15,000 4,000 3,000 10,000 2,000 5,000 1,000 0 0 11/3 12/3 13/3 14/3 15/3 16/3 11/3 12/3 13/3 14/3 15/3 16/3 43

950 58.0 120 8.0 120 8.0 900 100 56.0 894 80 88 6.0 100 80 92 6.0 850 54.0 60 5.2 60 5.4 800 52.4 52.0 40 20 4.0 40 20 4.0 750 50.0 10/3 11/3 12/3 13/3 14/3 15/3 16/3 0 2.0 10/3 11/3 12/3 13/3 14/3 15/3 16/3 0 2.0 10/3 11/3 12/3 13/3 14/3 15/3 16/3 45

1,747 0% 20% 40% 60% 80% 100% 48

% 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 80% 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 % 80 60 40 20 0 20 40 60 95 97 99 01 03 05 07 09 11 13 15 50

50 190 5,000 50 50 50 50 160 130 100 100 135 50 50 76.9 37.0 70 40 65 0 100 65 135 10 1 2 3 0 100 65 135 2 1 0 95 97 99 01 03 05 07 09 11 13 15 51

(%) (%) はないのない 2% 9% 17% 68.0 34% 70.4 38% 65.5 0 20 40 60 80 55

1,012 1,100 988 8 1,000 958 879 921 7 900 825 77,554 800 727 64,445 6 700 58,597 5 600 51,884 500 492 44,110 4 400 3 300 29,770 2 200 100 15,631 1 0 0 14/1 1 14/6 6 14/12 12 15/3 3 15/6 6 15/9 9 15/12 12 16/3 3 100% 90% 80% 70% 60% 50% 8.6% 8.0% 8.0% 8.0% 8.0% 8.0% 8.1% 8.4% 24.7% 22.2% 21.4% 20.8% 20.3% 20.0% 19.6% 19.3% 28.2% 27.3% 26.9% 26.6% 26.4% 26.3% 26.1% 30.1% 80 70 60 50 40 30 20 40% 30% 16.0% 16.8% 17.0% 17.0% 17.0% 17.1% 17.2% 17.0% 20% 13.2% 13.7% 14.0% 14.2% 14.4% 14.6% 14.8% 11.4% 10% 6.5% 8.2% 8.8% 9.2% 9.5% 9.7% 9.8% 9.9% 0% 2.8% 3.5% 3.8% 4.1% 4.3% 4.5% 4.5% 4.5% 1 6 12 3 6 9 12 3 50 46.2% 57

100% 90% 80% 70% 60% 50% 8.1% 4.4% 19.6% 26.3% 13.5% 21.5% 19.5% 80 70 60 50 40 30 40% 30% 20% 10% 0% 17.2% 18.8% 14.6% 46.1 14.2% 9.8% 4.5% 8.1% NISA 60.6 20 58

3 2 1 0 67

11.1% 67.3% 19.0% 2.5% 13.6% 70.3% 14.4% 1.7% 1.7% 55.7% 37.2% 5.4% 0% 20% 40% 60% 80% 100% 90% 90% 80% 80% 71

100 97.1 90 87.0 80 70 61.4 60 50 46.9 38.8 40 31.5 34.6 30 20 10 0 80 79.7 70 60 48.4 50 40 30 21.5 15.0 16.7 18.0 20 12.9 10 0 700 600 500 400 515 587 300 200 100 152 219 0 35.9% 64.1% 724 1,294 24, 1.9% 269, 20.8% 766, 59.2% 235, 18.2% 72

250 200 120 100 150 80 60 100 40 50 20 0 08 09 10 11 12 13 14 15 0 08 09 10 11 12 13 14 15 75

2,500.0 2,000.0 1,500.0 1,000.0 500.0 0.0 27 17 25 31 41 52 2,045.8 1,950.5 18 1,355.1 832.5 10 661.8 10 254.4 185.0 372.9 0 08 09 10 11 12 13 14 15 60 50 40 30 20 200 188 180 160 140 158 121 120 98 100 80 80 58 60 48 49 37 40 19 22 20 0 05 06 07 08 09 10 11 12 13 14 15 77

1,200 1,000 973 913 1,043 1,084 1,097 60 50 800 600 400 819 875 943 978 992 40 30 20 18 11 32 42 42 35 200 0 73 84 86 94 95 21 14 14 12 10 11 12 13 14 15 10 9 11 8 6 9 7 4 5 0 4 3 2 3 11 12 13 14 15 80

3,000 2,500 2,000 1,500 149 499 56 OUT-IN IN-OUT IN-IN TOB() 170 557 36 50 206 560 60 50 40 30 1,000 500 1,400 1,558 1,662 20 10 0 13 14 15 0 81

14 26 96

IT Finance Technology FinTech IT 98

100

101

102

103

40 35 30 25 20 15 10 5 0 14 15 6 29 15/4-15/6 15/7-15/9 15/10-15/12 15/1-15/3 15 14 21 42 74 8 9 104

105

3 4 10 5 38 14 53 117 15 106

90 80 70 60 50 40 30 20 10 0 10 12 14 16 107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123