Japan's Financial Services Agency: Publication Of The Report By The “Working Group On Corporate Disclosure” Of The Financial System Council

The “Working Group on Corporate Disclosure” of the Financial System Council (chairman Hideki KANDA, Professor, Law School, Gakushuin University) has discussed and deliberated on corporate disclosure five times since November 2015.

Based on the results of the discussions, the Working Group has compiled and published the “Report - Promoting Constructive Dialogue”.

The “Report” (as attached hereto) is a provisional translation of the original Japanese report.