From the front line of change, moving further forward together.

This article focuses on the automobile sector as part of a three-part series exploring the future of the mobility industry. The automotive industry, which has long been built on the assumption of private car vehicle ownership, is now confronting a major turning point. With population decline and the spread of autonomous driving, the once-absolute value placed on private vehicle ownership is beginning to erode, and automotive OEMs are being forced to adopt business structures that differ from those of the past. Building on a forecast of future private vehicle sales volumes for Japanese OEMs, this article explores the potential emergence of new business models in an era of declining private vehicle ownership.

This article focuses on the railway sector as part of a three-part series examining the future of the mobility industry. Japanese railway operators, which have long borne the burden of maintaining and renewing infrastructure, are now being forced to transform their traditional business structures due to declining revenues caused by population decline. Looking ahead to a future of accelerating depopulation, this article explores the business models that railway operators should aim to adopt.

The Japanese chemical industry is entering a new phase of structural reorganization. Companies in this industry are now shifting toward a strategy focused on selectivity and the reallocation of resources, aiming to sharpen their competitive strengths rather than simply grow in size. This paper takes a broad, industry-wide perspective to organize the key issues that the top management must confront, as well as tier-specific approaches across the value chain. By doing so, it seeks to offer insights that may help companies as they consider future industry reorganization.

In July of this year, the “GENIUS Act” was enacted in the United States, marking a significant advancement in the regulatory frameworks for stablecoins across Japan, the European Union, and the United States. As each jurisdiction has developed its own framework through distinct approaches, an environment conducive to the entry of financial institutions and technology companies is gradually emerging. This paper organizes recent international regulatory developments relating to stablecoins and examines their implications for Japan’s pioneering framework. Part I provides a comparative overview of the regulatory architectures in the United States, Europe, and Japan, while Part II addresses issues concerning supervisory implementation and challenges for private-sector deployment.