OPEC+ in charge US and others release strategic reserves

Indirect secured consumer overview

Initial recognition date for credit cards and average lifetime used for ECL calculation

‘2 to 2.5M JPY in cash’ is the typical budget payment method. Monthly payment and interest rates are less concerning than the total purchase amount.

The EO downstream market is undergoing a shift in market shares, aspiring for increasingly more high and very high resolution data

We continue to reduce cost to serve, while optimizing our branch network

Maintaining risk discipline – C&I

MGA rely on insurers for reputation and claims record to gain customer trust but offer area of specialization & technology to insurers

Figure 6. What actions has your company taken during the past 12 months to enhance risk management practices following market events in 2023 (e.g., rapidly rising interest rates, inflation, market volatility following bank failures)?