Ueda Yagi Tanshi was established in July 2001 through the merger of Ueda Tanshi and Yagi Tanshi. Ueda Tanshi was founded in Osaka in June 1918 by Kaname Ueda as its business owner as a call transaction specialist known as the anonymous partnership Ueda Shoten. Meanwhile, Hisao Yagi established Yagi Tanshi in Osaka in October 1935 as Bill Broker Yagi Shoten.
Tanshi companies originally were established primarily to be intermediaries supporting the lending and borrowing of call money between financial institutions. They were intermediaries for “call transactions” in the money market, which were used by financial institutions to rebalance their fund shortages and surpluses. With the liberalization of interest rates and the removal of various regulations, tanshi companies currently are intermediaries and provide services for a broad range of products in the money market, including transactions for bond repos, equity repos, and commercial paper (CP). Furthermore, they endeavor to provide and develop a wide range of related services as registered financial institutions under the Financial Instruments and Exchange Act.
Ueda Yagi Tanshi’s founder Kaname Ueda left behind the quote, “interest rates embody the truth,” meaning that interest rates are a mirror reflecting the economic and social conditions of the day. As a specialist in interest rates, Ueda Yagi Tanshi will continue striving to fulfill its social mission to promote and maintain connectivity with the money markets by accurately addressing the needs of its clients regardless of the interest rate environment.