Fintech will gradually expand in the Japanese Market. Private companies and
the government are preparing for the Fintech businesses.

For example, NTT data is providing services to find alliance partners for
finance companies; Fujitsu made a consortium that consists about 100 ventures
and finance companies; IBM Japan released new services that support establishing
Fintech services by finding venture companies, constructing applications of smartphones
and analyzing data.

Regarding Japanese Finance Services Agency, they are discussing about loosening the
regulations for finance companies. The measures to regulate activities of commercial
businesses may be relieved in some years.

The surge of Fintech Wave will come to Japan in a few years.