MAY 1987

Tokyo Stock Exchange Now Largest in the World

Japan Bond Futures Market Beats Chicago 3 to 1

Japanese Retalization Shakes World Capital Markets

Japanese Dominate Foreign Finance Markets

Tokyo Stock Exchange

Mergers & Acquisitions

Foreign Securities Firms - Reciprocity

Futures Market

Perpetual Floating Rate Note Issues

Zaitech - Corporate Finance

Bonds, Bonds, Bonds

Convertible Bonds

Straight Bonds - New Underwriting Procedures

Private Placements

Samurai Bonds

Euroyen Bonds

Warrant Bonds

Bond Underwriting Competition

Government bonds

Banks in the Securities Field

Pension Funds - Foreign Trust Banks Closed Out

Japanese Bank Finances

Bank Regulation - Capital Adequacy Ratios

Foreign Banks

Japan's International Bank Lendings

Massive Government Money Managers

Pension Funds and Investment Advisors

Foreign Exchange Business

New Share Listings

Japanese Insurance Companies

Privatization of Government Corporations -NTT - JAL

Mortgage Securities

Japanese Securities Companies

Commercial Paper

Certificates of Deposit

Financial Deregulation