· The Advent of a New Age of Inter-market Competition and the Necessity for a More Advanced Market Infrastructure - The Urgent Need to Establish an STP Environment and a Unified Settlement Organizataion - Yasuyuki Fuchita · Nasdaq Japan - The Next Phase of Nasdaq's Global Strategy - Sadakazu Osaki / Hiromi Hayashi · Interest Intensifies in Corporate Bonds Designed for Individual Investors Hiromi Hayashi · Japan's Life Insurance Companies - A Look At FY98 Results - Shinichi Iimura / Takeshi Inoue