Japan Macro Salon with Jesper and Bill October 2023 Edition
In the sixth of their regular quarterly webinars on business and current affairs, The Japan Society chair Bill Emmott teamed up with Jesper Koll, longtime Tokyo resident and one of the most keenly watched economists and investment strategists in that town, to discuss what's new in the Japanese economy, business, financial markets and more.
In this Salon, they were joined by Founder & Chair of Monex, Oki Matsumoto. From 2008-2013, Oki was on the board of the Tokyo Stock Exchange, and he currently is a member of the TSE special committee that introduced more pressure on corporate executives to manage capital efficiency and price-to-book greater than 1. Discussion will focus on the TSE motivation, corporate reactions, and what added steps to improve governance and stewardship can be expected.
Oki Matsumoto is the Executive Chair of Monex Group, Inc., and the Chair of Japan Catalyst, Inc. where he serves as the CIO of the Japan Catalyst Fund. Oki started his career at Salomon Brothers in 1987. He joined The Goldman Sachs Group, Inc. in 1990 and became a general partner in 1994. He was a co-head of fixed income and foreign exchange at the Tokyo office, responsible for trading, risk management and overall products. In 1997, he launched the Special Situations Group, which later grew into one of the most profitable units in The Goldman Sachs Group, Inc. He retired in 1998.
In 1999, he established Monex, Inc. with Sony Corporation and established Monex Group, Inc. in 2004. He was an outside director of the Tokyo Stock Exchange (TSE) from 2008 for five years, and has participated in various government councils on corporate governance reform, actively involved in improving and reforming the Japanese capital market. Currently, he is a member of the “Council of Experts Concerning the Follow-up of Market Restructuring” at the TSE and an outside director of Mastercard Incorporated in the United States. Oki received his B.A. in Law from Tokyo University.