General disclaimer
The content published on toushi-jissen.com (“this site”) is provided for informational and educational purposes only. It represents the personal views and independent research of the author and does not constitute:
- investment advice or a personal recommendation;
- an offer, solicitation, or invitation to buy, sell, or hold any financial instrument;
- tax, legal, or accounting advice of any kind.
No client relationship
Use of this site does not create an advisory, fiduciary, or professional-client relationship between the reader and the author. The author is not a registered investment adviser, broker-dealer, or financial planner in any jurisdiction.
Risk warning
Investing in securities, including Japanese equities, involves risk, including the possible loss of principal. Past performance is not indicative of future results. The value of investments and any income derived from them can fall as well as rise. Foreign currency-denominated investments are subject to exchange rate fluctuations that may increase or reduce returns in the investor’s home currency.
Accuracy and completeness
While the author endeavours to ensure the accuracy and timeliness of information presented, no representation or warranty, express or implied, is made as to the accuracy, reliability, or completeness of such information. The author accepts no liability for any errors, omissions, or delays in the content, or for any actions taken in reliance on it.
Market data, statistics, and third-party research cited on this site are believed to be from reliable sources but have not been independently verified. Data may become outdated between publication and the time of reading.
Forward-looking statements
Certain content on this site may contain forward-looking statements, projections, or expressions of opinion regarding future market conditions, economic trends, or investment outcomes. These are inherently uncertain and actual results may differ materially from those expressed or implied.
Editorial independence
This site carries no affiliate links and receives no commission, referral fee, or other compensation from any broker, fund manager, financial product provider, or other commercial entity. The author has no material business relationship with any company or product discussed on this site, except where explicitly disclosed.
Intellectual property
All original content on this site is the property of the author. Readers may share links and brief excerpts with attribution. Reproduction of full articles without prior written consent is prohibited.
Governing law
This disclaimer is governed by the laws of Japan. Any disputes arising in connection with the use of this site shall be subject to the exclusive jurisdiction of the courts of Tokyo, Japan.
Changes
This disclaimer may be updated from time to time without notice. The current version will always be available at this URL.
Last updated: February 2026