Daiwa CEO Supports Crypto ETFs in Japan’s Market

Akihiko Ogino, CEO of Daiwa Securities, is urging Japan to embrace crypto exchange-traded funds (ETFs). He believes crypto ETFs could open up new opportunities for the country’s market. Ogino isn’t alone in this push; top Japanese firms, including Mitsubishi UFJ and Nomura, also support the idea of launching crypto-backed ETFs in Japan.

Daiwa’s Growth Amid Challenges

Ogino recently shared his thoughts in a Bloomberg report. He explained that Japan should allow ETFs tied to popular cryptocurrencies like Bitcoin and Ethereum. Major financial players agree and are calling on Japanese regulators to take action. 

However, the road ahead isn’t smooth. Japan’s past struggles with crypto, like the Mt. Gox hack, have created lasting skepticism. Many worry that these past issues will prevent the country from adopting crypto-backed ETFs.

Chinese securities firms have seen a drop in revenue. Some, like BNP Paribas and Morgan Stanley, have had to cut staff to stay afloat. Daiwa hopes to turn things around by 2026.

Japan’s Economic Future and Daiwa’s Vision

Ogino also discussed the company’s performance in China. Despite initial optimism, Daiwa has struggled to find profitability in the region. “The pace of the Chinese market hasn’t been as expected,” Ogino said. 

Ogino also shared his views on Japan’s economy. He expects the Bank of Japan to raise interest rates by 2025. This shift comes as corporate profits grow and inflation remains mild. Ogino announced that salaries will increase by 5% in April 2025. 

This will mark the fourth consecutive year of pay raises, showing Daiwa’s commitment to its workforce. The company is also focused on training its employees to become experts in yen trading.