<?xml version="1.0" encoding="UTF-8"?>

<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd http://www.w3.org/1999/xlink http://www.xbrl.org/2003/xlink-2003-12-31.xsd http://xbrl.org/2008/label http://www.xbrl.org/2008/generic-label.xsd http://xbrl.org/2008/generic http://www.xbrl.org/2008/generic-link.xsd" xmlns:gen="http://xbrl.org/2008/generic" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:label="http://xbrl.org/2008/label">
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#standard-label"/>
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/verboseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#verbose-label"/>
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/link" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-link.xsd#standard-link-role"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2008/element-label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#element-label"/>
  <gen:link xlink:type="extended" xlink:role="http://www.xbrl.org/2008/role/link">
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_AccruedIncomeOtherTypedMember" xlink:label="rj_AccruedIncomeOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_AccruedIncomeOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_AccruedIncomeOtherTypedMember_label_en">Category of other accrued income</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_AccruedIncomeOtherTypedMember_loc" xlink:to="rj_AccruedIncomeOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_AssetsCashFlowGeneratingUnitTypedMember" xlink:label="rj_AssetsCashFlowGeneratingUnitTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_AssetsCashFlowGeneratingUnitTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_AssetsCashFlowGeneratingUnitTypedMember_label_en">Assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_AssetsCashFlowGeneratingUnitTypedMember_loc" xlink:to="rj_AssetsCashFlowGeneratingUnitTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_AssetsFinancialLeasesTypedMember" xlink:label="rj_AssetsFinancialLeasesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_AssetsFinancialLeasesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_AssetsFinancialLeasesTypedMember_label_en">Assets financial leases</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_AssetsFinancialLeasesTypedMember_loc" xlink:to="rj_AssetsFinancialLeasesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_AssetsHeldAsInvestmentTypedMember" xlink:label="rj_AssetsHeldAsInvestmentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_AssetsHeldAsInvestmentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_AssetsHeldAsInvestmentTypedMember_label_en">Assets held as investment</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_AssetsHeldAsInvestmentTypedMember_loc" xlink:to="rj_AssetsHeldAsInvestmentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_AssetsOtherTypedMember" xlink:label="rj_AssetsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_AssetsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_AssetsOtherTypedMember_label_en">Category of other assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_AssetsOtherTypedMember_loc" xlink:to="rj_AssetsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_BoardOfDirectorsSupervisoryCommitteeTypedMember" xlink:label="rj_BoardOfDirectorsSupervisoryCommitteeTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_BoardOfDirectorsSupervisoryCommitteeTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_BoardOfDirectorsSupervisoryCommitteeTypedMember_label_en">Director, or supervisory committee member</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_BoardOfDirectorsSupervisoryCommitteeTypedMember_loc" xlink:to="rj_BoardOfDirectorsSupervisoryCommitteeTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CashflowGeneratingUnitTypedMember" xlink:label="rj_CashflowGeneratingUnitTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CashflowGeneratingUnitTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CashflowGeneratingUnitTypedMember_label_en">Cash flow generating unit</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CashflowGeneratingUnitTypedMember_loc" xlink:to="rj_CashflowGeneratingUnitTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CentralGovernmentContributionsTypedMember" xlink:label="rj_CentralGovernmentContributionsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CentralGovernmentContributionsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CentralGovernmentContributionsTypedMember_label_en">Central government contributions</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CentralGovernmentContributionsTypedMember_loc" xlink:to="rj_CentralGovernmentContributionsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ChangeAccountingEstimatesTypedMember" xlink:label="rj_ChangeAccountingEstimatesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ChangeAccountingEstimatesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ChangeAccountingEstimatesTypedMember_label_en">Change in accounting estimates</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ChangeAccountingEstimatesTypedMember_loc" xlink:to="rj_ChangeAccountingEstimatesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ChangeAccountingPoliciesTypedMember" xlink:label="rj_ChangeAccountingPoliciesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ChangeAccountingPoliciesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ChangeAccountingPoliciesTypedMember_label_en">Change in accounting policies</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ChangeAccountingPoliciesTypedMember_loc" xlink:to="rj_ChangeAccountingPoliciesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ClassOfSharesTypedMember" xlink:label="rj_ClassOfSharesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ClassOfSharesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ClassOfSharesTypedMember_label_en">Class of shares</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ClassOfSharesTypedMember_loc" xlink:to="rj_ClassOfSharesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ClassTypedMember" xlink:label="rj_ClassTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ClassTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ClassTypedMember_label_en">Class</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ClassTypedMember_loc" xlink:to="rj_ClassTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CollateralTypedMember" xlink:label="rj_CollateralTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CollateralTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CollateralTypedMember_label_en">Collateral</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CollateralTypedMember_loc" xlink:to="rj_CollateralTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CommercialActivitiesTypedMember" xlink:label="rj_CommercialActivitiesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CommercialActivitiesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CommercialActivitiesTypedMember_label_en">Commercial activities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CommercialActivitiesTypedMember_loc" xlink:to="rj_CommercialActivitiesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ConstructionContractsTypedMember" xlink:label="rj_ConstructionContractsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ConstructionContractsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ConstructionContractsTypedMember_label_en">Construction contracts</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ConstructionContractsTypedMember_loc" xlink:to="rj_ConstructionContractsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ContingentLiabilitiesCategoryTypedMember" xlink:label="rj_ContingentLiabilitiesCategoryTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ContingentLiabilitiesCategoryTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ContingentLiabilitiesCategoryTypedMember_label_en">Category of off-balance sheet liabilities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ContingentLiabilitiesCategoryTypedMember_loc" xlink:to="rj_ContingentLiabilitiesCategoryTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CreditRatingTypedMember" xlink:label="rj_CreditRatingTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CreditRatingTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CreditRatingTypedMember_label_en">Credit rating</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CreditRatingTypedMember_loc" xlink:to="rj_CreditRatingTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_CurrencyTypedMember" xlink:label="rj_CurrencyTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_CurrencyTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_CurrencyTypedMember_label_en">Currency</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_CurrencyTypedMember_loc" xlink:to="rj_CurrencyTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DebtSecuritiesOtherTypedMember" xlink:label="rj_DebtSecuritiesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DebtSecuritiesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DebtSecuritiesOtherTypedMember_label_en">Category of other debt securities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DebtSecuritiesOtherTypedMember_loc" xlink:to="rj_DebtSecuritiesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DesignatedFundTypedMember" xlink:label="rj_DesignatedFundTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DesignatedFundTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DesignatedFundTypedMember_label_en">Designated fund</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DesignatedFundTypedMember_loc" xlink:to="rj_DesignatedFundTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DesignatedReserveTypedMember" xlink:label="rj_DesignatedReserveTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DesignatedReserveTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DesignatedReserveTypedMember_label_en">Designated reserve</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DesignatedReserveTypedMember_loc" xlink:to="rj_DesignatedReserveTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DirectorTypedMember" xlink:label="rj_DirectorTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DirectorTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DirectorTypedMember_label_en">Director</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DirectorTypedMember_loc" xlink:to="rj_DirectorTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DiscontinuedOperationsTypedMember" xlink:label="rj_DiscontinuedOperationsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DiscontinuedOperationsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DiscontinuedOperationsTypedMember_label_en">Discontinued operations</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DiscontinuedOperationsTypedMember_loc" xlink:to="rj_DiscontinuedOperationsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_DurationTypedMember" xlink:label="rj_DurationTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_DurationTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_DurationTypedMember_label_en">Duration</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_DurationTypedMember_loc" xlink:to="rj_DurationTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_EducationActivitiesTypedMember" xlink:label="rj_EducationActivitiesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_EducationActivitiesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_EducationActivitiesTypedMember_label_en">Educational activities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_EducationActivitiesTypedMember_loc" xlink:to="rj_EducationActivitiesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_EmployeeBenefitsExpensesOtherTypedMember" xlink:label="rj_EmployeeBenefitsExpensesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_EmployeeBenefitsExpensesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_EmployeeBenefitsExpensesOtherTypedMember_label_en">Category of other expenses of employee benefits</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_EmployeeBenefitsExpensesOtherTypedMember_loc" xlink:to="rj_EmployeeBenefitsExpensesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_EquityAndLiabilitiesOtherTypedMember" xlink:label="rj_EquityAndLiabilitiesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_EquityAndLiabilitiesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_EquityAndLiabilitiesOtherTypedMember_label_en">Category of equity and liabilities other</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_EquityAndLiabilitiesOtherTypedMember_loc" xlink:to="rj_EquityAndLiabilitiesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_EquityLiabilitiesTransferTypedMember" xlink:label="rj_EquityLiabilitiesTransferTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_EquityLiabilitiesTransferTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_EquityLiabilitiesTransferTypedMember_label_en">Transfer between equity and liabilities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_EquityLiabilitiesTransferTypedMember_loc" xlink:to="rj_EquityLiabilitiesTransferTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_EquityTypedMember" xlink:label="rj_EquityTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_EquityTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_EquityTypedMember_label_en">Equity</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_EquityTypedMember_loc" xlink:to="rj_EquityTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ExceptionalItemDescriptionTypedMember" xlink:label="rj_ExceptionalItemDescriptionTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ExceptionalItemDescriptionTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ExceptionalItemDescriptionTypedMember_label_en">Description exceptional item</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ExceptionalItemDescriptionTypedMember_loc" xlink:to="rj_ExceptionalItemDescriptionTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ExpensesOtherTypedMember" xlink:label="rj_ExpensesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ExpensesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ExpensesOtherTypedMember_label_en">Other expenses</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ExpensesOtherTypedMember_loc" xlink:to="rj_ExpensesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_FinancialAssetsOtherTypedMember" xlink:label="rj_FinancialAssetsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_FinancialAssetsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_FinancialAssetsOtherTypedMember_label_en">Category of other financial assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_FinancialAssetsOtherTypedMember_loc" xlink:to="rj_FinancialAssetsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_FinancialInstrumentAssetsLiabilitiesTypedMember" xlink:label="rj_FinancialInstrumentAssetsLiabilitiesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_FinancialInstrumentAssetsLiabilitiesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_FinancialInstrumentAssetsLiabilitiesTypedMember_label_en">Financial assets and liabilities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_FinancialInstrumentAssetsLiabilitiesTypedMember_loc" xlink:to="rj_FinancialInstrumentAssetsLiabilitiesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_FinancialInstrumentsIssuedTypedMember" xlink:label="rj_FinancialInstrumentsIssuedTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_FinancialInstrumentsIssuedTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_FinancialInstrumentsIssuedTypedMember_label_en">Financial instruments issued</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_FinancialInstrumentsIssuedTypedMember_loc" xlink:to="rj_FinancialInstrumentsIssuedTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_FinancialInstrumentsObtainedTypedMember" xlink:label="rj_FinancialInstrumentsObtainedTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_FinancialInstrumentsObtainedTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_FinancialInstrumentsObtainedTypedMember_label_en">Financial instruments obtained</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_FinancialInstrumentsObtainedTypedMember_loc" xlink:to="rj_FinancialInstrumentsObtainedTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_FinancialInstrumentsPolicyTypedMember" xlink:label="rj_FinancialInstrumentsPolicyTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_FinancialInstrumentsPolicyTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_FinancialInstrumentsPolicyTypedMember_label_en">Policy of financial instruments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_FinancialInstrumentsPolicyTypedMember_loc" xlink:to="rj_FinancialInstrumentsPolicyTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_GeographicalAreaTypedMember" xlink:label="rj_GeographicalAreaTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_GeographicalAreaTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_GeographicalAreaTypedMember_label_en">Geographical area</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_GeographicalAreaTypedMember_loc" xlink:to="rj_GeographicalAreaTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IncomeGeographicTypedMember" xlink:label="rj_IncomeGeographicTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IncomeGeographicTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IncomeGeographicTypedMember_label_en">Income, geography</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IncomeGeographicTypedMember_loc" xlink:to="rj_IncomeGeographicTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IncomeIndustryTypedMember" xlink:label="rj_IncomeIndustryTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IncomeIndustryTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IncomeIndustryTypedMember_label_en">Income, industry</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IncomeIndustryTypedMember_loc" xlink:to="rj_IncomeIndustryTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IncomeTaxExpenseOtherTypedMember" xlink:label="rj_IncomeTaxExpenseOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IncomeTaxExpenseOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IncomeTaxExpenseOtherTypedMember_label_en">Category of other income tax expense</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IncomeTaxExpenseOtherTypedMember_loc" xlink:to="rj_IncomeTaxExpenseOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IncomeTypedMember" xlink:label="rj_IncomeTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IncomeTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IncomeTypedMember_label_en">Income</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IncomeTypedMember_loc" xlink:to="rj_IncomeTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IndividualAssetTypedMember" xlink:label="rj_IndividualAssetTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IndividualAssetTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IndividualAssetTypedMember_label_en">Individual asset</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IndividualAssetTypedMember_loc" xlink:to="rj_IndividualAssetTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IndustryGroupTypedMember" xlink:label="rj_IndustryGroupTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IndustryGroupTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IndustryGroupTypedMember_label_en">Industry group</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IndustryGroupTypedMember_loc" xlink:to="rj_IndustryGroupTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IndustryTypedMember" xlink:label="rj_IndustryTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IndustryTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IndustryTypedMember_label_en">Industry</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IndustryTypedMember_loc" xlink:to="rj_IndustryTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember" xlink:label="rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember_label_en">Individual asset of importance for the legal entity</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember_loc" xlink:to="rj_IntangibleAssetsIndividualAssetOfImportanceTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_IntangibleAssetsOtherTypedMember" xlink:label="rj_IntangibleAssetsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_IntangibleAssetsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_IntangibleAssetsOtherTypedMember_label_en">Category of other intangible assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_IntangibleAssetsOtherTypedMember_loc" xlink:to="rj_IntangibleAssetsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InventoriesOtherTypedMember" xlink:label="rj_InventoriesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InventoriesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InventoriesOtherTypedMember_label_en">Category of other inventories</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InventoriesOtherTypedMember_loc" xlink:to="rj_InventoriesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentTypedMember" xlink:label="rj_InvestmentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentTypedMember_label_en">Investment</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentTypedMember_loc" xlink:to="rj_InvestmentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsInLandAndBuildingsOtherTypedMember" xlink:label="rj_InvestmentsInLandAndBuildingsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsInLandAndBuildingsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsInLandAndBuildingsOtherTypedMember_label_en">Category of other investments in land and buildings</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsInLandAndBuildingsOtherTypedMember_loc" xlink:to="rj_InvestmentsInLandAndBuildingsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsInParticipatingInterestsOtherTypedMember" xlink:label="rj_InvestmentsInParticipatingInterestsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsInParticipatingInterestsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsInParticipatingInterestsOtherTypedMember_label_en">Category of other participating interests</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsInParticipatingInterestsOtherTypedMember_loc" xlink:to="rj_InvestmentsInParticipatingInterestsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsInParticipatingInterestsTypedMember" xlink:label="rj_InvestmentsInParticipatingInterestsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsInParticipatingInterestsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsInParticipatingInterestsTypedMember_label_en">Investments in participating interests</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsInParticipatingInterestsTypedMember_loc" xlink:to="rj_InvestmentsInParticipatingInterestsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember" xlink:label="rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember_label_en">Category of other investments on behalf of participants</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember_loc" xlink:to="rj_InvestmentsOtherOnBehalfOfParticipantsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember" xlink:label="rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember_label_en">Category of other investments on behalf of pension fund investment</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember_loc" xlink:to="rj_InvestmentsOtherOnBehalfOfPensionFundTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_InvestmentsOtherTypedMember" xlink:label="rj_InvestmentsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_InvestmentsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_InvestmentsOtherTypedMember_label_en">Category of other investments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_InvestmentsOtherTypedMember_loc" xlink:to="rj_InvestmentsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_LicensingAgreementsTypedMember" xlink:label="rj_LicensingAgreementsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_LicensingAgreementsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_LicensingAgreementsTypedMember_label_en">Licensing agreements</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_LicensingAgreementsTypedMember_loc" xlink:to="rj_LicensingAgreementsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_MacroControlInstrumentsTypedMember" xlink:label="rj_MacroControlInstrumentsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_MacroControlInstrumentsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_MacroControlInstrumentsTypedMember_label_en">Macro management instruments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_MacroControlInstrumentsTypedMember_loc" xlink:to="rj_MacroControlInstrumentsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_MaterialImpairmentLossIndividualAssetTypedMember" xlink:label="rj_MaterialImpairmentLossIndividualAssetTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_MaterialImpairmentLossIndividualAssetTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_MaterialImpairmentLossIndividualAssetTypedMember_label_en">Individual asset that led to impairment loss of material importance</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_MaterialImpairmentLossIndividualAssetTypedMember_loc" xlink:to="rj_MaterialImpairmentLossIndividualAssetTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_MergersAcquisitionsTypedMember" xlink:label="rj_MergersAcquisitionsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_MergersAcquisitionsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_MergersAcquisitionsTypedMember_label_en">Mergers and acquisitions</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_MergersAcquisitionsTypedMember_loc" xlink:to="rj_MergersAcquisitionsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_NoncommercialActivitiesTypedMember" xlink:label="rj_NoncommercialActivitiesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_NoncommercialActivitiesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_NoncommercialActivitiesTypedMember_label_en">Non-commercial activities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_NoncommercialActivitiesTypedMember_loc" xlink:to="rj_NoncommercialActivitiesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_NumberOfOtherParticipantsTypedMember" xlink:label="rj_NumberOfOtherParticipantsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_NumberOfOtherParticipantsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_NumberOfOtherParticipantsTypedMember_label_en">Category of number of other participants</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_NumberOfOtherParticipantsTypedMember_loc" xlink:to="rj_NumberOfOtherParticipantsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ObjectiveTypedMember" xlink:label="rj_ObjectiveTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ObjectiveTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ObjectiveTypedMember_label_en">Objective</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ObjectiveTypedMember_loc" xlink:to="rj_ObjectiveTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_OperatingExpensesOtherTypedMember" xlink:label="rj_OperatingExpensesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_OperatingExpensesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_OperatingExpensesOtherTypedMember_label_en">Category of other operating expenses</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_OperatingExpensesOtherTypedMember_loc" xlink:to="rj_OperatingExpensesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_OperatingIncomeOtherTypedMember" xlink:label="rj_OperatingIncomeOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_OperatingIncomeOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_OperatingIncomeOtherTypedMember_label_en">Category of other operating income</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_OperatingIncomeOtherTypedMember_loc" xlink:to="rj_OperatingIncomeOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_OperatingSegmentTypedMember" xlink:label="rj_OperatingSegmentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_OperatingSegmentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_OperatingSegmentTypedMember_label_en">Operating segment name</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_OperatingSegmentTypedMember_loc" xlink:to="rj_OperatingSegmentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_OtherAssetsOtherTypedMember" xlink:label="rj_OtherAssetsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_OtherAssetsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_OtherAssetsOtherTypedMember_label_en">Category of other remainder assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_OtherAssetsOtherTypedMember_loc" xlink:to="rj_OtherAssetsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_OtherFinancialInvestmentsOtherTypedMember" xlink:label="rj_OtherFinancialInvestmentsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_OtherFinancialInvestmentsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_OtherFinancialInvestmentsOtherTypedMember_label_en">Category of other financial investments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_OtherFinancialInvestmentsOtherTypedMember_loc" xlink:to="rj_OtherFinancialInvestmentsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ParticipatingInterestTypedMember" xlink:label="rj_ParticipatingInterestTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ParticipatingInterestTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ParticipatingInterestTypedMember_label_en">Participating interest</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ParticipatingInterestTypedMember_loc" xlink:to="rj_ParticipatingInterestTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayableTypedMember" xlink:label="rj_PayableTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayableTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayableTypedMember_label_en">Payable</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayableTypedMember_loc" xlink:to="rj_PayableTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesCreditInstitutionsOtherTypedMember" xlink:label="rj_PayablesCreditInstitutionsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesCreditInstitutionsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesCreditInstitutionsOtherTypedMember_label_en">Category of other payables to credit institutions</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesCreditInstitutionsOtherTypedMember_loc" xlink:to="rj_PayablesCreditInstitutionsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesCustomersDepositsOtherTypedMember" xlink:label="rj_PayablesCustomersDepositsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesCustomersDepositsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesCustomersDepositsOtherTypedMember_label_en">Category of other payables to customers relating to deposits</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesCustomersDepositsOtherTypedMember_loc" xlink:to="rj_PayablesCustomersDepositsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesCustomersOtherOtherTypedMember" xlink:label="rj_PayablesCustomersOtherOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesCustomersOtherOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesCustomersOtherOtherTypedMember_label_en">Category of other types of other payables to customers</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesCustomersOtherOtherTypedMember_loc" xlink:to="rj_PayablesCustomersOtherOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesOtherCurrentTypedMember" xlink:label="rj_PayablesOtherCurrentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesOtherCurrentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesOtherCurrentTypedMember_label_en">Category of current other payables</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesOtherCurrentTypedMember_loc" xlink:to="rj_PayablesOtherCurrentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesOtherNoncurrentTypedMember" xlink:label="rj_PayablesOtherNoncurrentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesOtherNoncurrentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesOtherNoncurrentTypedMember_label_en">Category of other payables</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesOtherNoncurrentTypedMember_loc" xlink:to="rj_PayablesOtherNoncurrentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesOtherTypedMember" xlink:label="rj_PayablesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesOtherTypedMember_label_en">Category of other payables</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesOtherTypedMember_loc" xlink:to="rj_PayablesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayablesTransactionsFinancialDerivativesTypedMember" xlink:label="rj_PayablesTransactionsFinancialDerivativesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayablesTransactionsFinancialDerivativesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayablesTransactionsFinancialDerivativesTypedMember_label_en">Payables from transactions with financial derivatives</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayablesTransactionsFinancialDerivativesTypedMember_loc" xlink:to="rj_PayablesTransactionsFinancialDerivativesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PersonnelTypedMember" xlink:label="rj_PersonnelTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PersonnelTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PersonnelTypedMember_label_en">Personnel</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PersonnelTypedMember_loc" xlink:to="rj_PersonnelTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PriorPeriodErrorsTypedMember" xlink:label="rj_PriorPeriodErrorsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PriorPeriodErrorsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PriorPeriodErrorsTypedMember_label_en">Prior period errors</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PriorPeriodErrorsTypedMember_loc" xlink:to="rj_PriorPeriodErrorsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ProductGroupTypedMember" xlink:label="rj_ProductGroupTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ProductGroupTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ProductGroupTypedMember_label_en">Product group</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ProductGroupTypedMember_loc" xlink:to="rj_ProductGroupTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PropertyPlantEquipmentOtherTypedMember" xlink:label="rj_PropertyPlantEquipmentOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PropertyPlantEquipmentOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PropertyPlantEquipmentOtherTypedMember_label_en">Category of property, plant and equipment other</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PropertyPlantEquipmentOtherTypedMember_loc" xlink:to="rj_PropertyPlantEquipmentOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ProvisionsOtherTypedMember" xlink:label="rj_ProvisionsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ProvisionsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ProvisionsOtherTypedMember_label_en">Category of other financial investments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ProvisionsOtherTypedMember_loc" xlink:to="rj_ProvisionsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReceivablesFromBanksOtherTypedMember" xlink:label="rj_ReceivablesFromBanksOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReceivablesFromBanksOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReceivablesFromBanksOtherTypedMember_label_en">Category of other receivables from banks</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReceivablesFromBanksOtherTypedMember_loc" xlink:to="rj_ReceivablesFromBanksOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember" xlink:label="rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember_label_en">Category of receivables from insurance policies not immediately due from current account</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember_loc" xlink:to="rj_ReceivablesFromInsurancePoliciesOtherNotImmediatelyDueFromCurrentAccountsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReceivablesOtherCurrentTypedMember" xlink:label="rj_ReceivablesOtherCurrentTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReceivablesOtherCurrentTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReceivablesOtherCurrentTypedMember_label_en">Category of current other receivables</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReceivablesOtherCurrentTypedMember_loc" xlink:to="rj_ReceivablesOtherCurrentTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember" xlink:label="rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember_label_en">Category of other receivables from reinsurance part technical provisions</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember_loc" xlink:to="rj_ReceivablesOtherReinsurancePartTechnicalProvisionsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RegionTypedMember" xlink:label="rj_RegionTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RegionTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RegionTypedMember_label_en">Region</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RegionTypedMember_loc" xlink:to="rj_RegionTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReinsuranceOtherContractsTypedMember" xlink:label="rj_ReinsuranceOtherContractsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReinsuranceOtherContractsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReinsuranceOtherContractsTypedMember_label_en">Category of other contracts reinsurance</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReinsuranceOtherContractsTypedMember_loc" xlink:to="rj_ReinsuranceOtherContractsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReinsurancePartTechnicalProvisionTypedMember" xlink:label="rj_ReinsurancePartTechnicalProvisionTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReinsurancePartTechnicalProvisionTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReinsurancePartTechnicalProvisionTypedMember_label_en">Reinsurance part of technical provision</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReinsurancePartTechnicalProvisionTypedMember_loc" xlink:to="rj_ReinsurancePartTechnicalProvisionTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RelatedPartyTypedMember" xlink:label="rj_RelatedPartyTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RelatedPartyTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RelatedPartyTypedMember_label_en">Related party</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RelatedPartyTypedMember_loc" xlink:to="rj_RelatedPartyTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ReportingSegmentCashflowGeneratingUnitTypedMember" xlink:label="rj_ReportingSegmentCashflowGeneratingUnitTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ReportingSegmentCashflowGeneratingUnitTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ReportingSegmentCashflowGeneratingUnitTypedMember_label_en">Reporting segment</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ReportingSegmentCashflowGeneratingUnitTypedMember_loc" xlink:to="rj_ReportingSegmentCashflowGeneratingUnitTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RevenuesOtherTypedMember" xlink:label="rj_RevenuesOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RevenuesOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RevenuesOtherTypedMember_label_en">Category of revenues from other sources</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RevenuesOtherTypedMember_loc" xlink:to="rj_RevenuesOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RightsGrantedExcercisedGroupTypedMember" xlink:label="rj_RightsGrantedExcercisedGroupTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RightsGrantedExcercisedGroupTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RightsGrantedExcercisedGroupTypedMember_label_en">Group rights granted, excercised</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RightsGrantedExcercisedGroupTypedMember_loc" xlink:to="rj_RightsGrantedExcercisedGroupTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RightsGrantedNotYetExcercisedGroupTypedMember" xlink:label="rj_RightsGrantedNotYetExcercisedGroupTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RightsGrantedNotYetExcercisedGroupTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RightsGrantedNotYetExcercisedGroupTypedMember_label_en">Group rights granted, not yet excercised</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RightsGrantedNotYetExcercisedGroupTypedMember_loc" xlink:to="rj_RightsGrantedNotYetExcercisedGroupTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_RiskGroupTypedMember" xlink:label="rj_RiskGroupTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_RiskGroupTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_RiskGroupTypedMember_label_en">Risk group</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_RiskGroupTypedMember_loc" xlink:to="rj_RiskGroupTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SectorTypedMember" xlink:label="rj_SectorTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SectorTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SectorTypedMember_label_en">Sector</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SectorTypedMember_loc" xlink:to="rj_SectorTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SegmentReportingTypedMember" xlink:label="rj_SegmentReportingTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SegmentReportingTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SegmentReportingTypedMember_label_en">Segment reporting</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SegmentReportingTypedMember_loc" xlink:to="rj_SegmentReportingTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_ShareCertificatesTypedMember" xlink:label="rj_ShareCertificatesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_ShareCertificatesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_ShareCertificatesTypedMember_label_en">Share certificates</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_ShareCertificatesTypedMember_loc" xlink:to="rj_ShareCertificatesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SharesHeldInAdministrationTypedMember" xlink:label="rj_SharesHeldInAdministrationTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SharesHeldInAdministrationTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SharesHeldInAdministrationTypedMember_label_en">Shares held in administration</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SharesHeldInAdministrationTypedMember_loc" xlink:to="rj_SharesHeldInAdministrationTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SourceOfProfitMember" xlink:label="rj_SourceOfProfitMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SourceOfProfitMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SourceOfProfitMember_label_en">Source of profit</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SourceOfProfitMember_loc" xlink:to="rj_SourceOfProfitMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SpecialPurposeTypedMember" xlink:label="rj_SpecialPurposeTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SpecialPurposeTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SpecialPurposeTypedMember_label_en">Special purpose</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SpecialPurposeTypedMember_loc" xlink:to="rj_SpecialPurposeTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember" xlink:label="rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember_label_en">Factors that affect the relationship between tax expense or income and profit</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember_loc" xlink:to="rj_StatisticalConnectionFactorsIncomeTaxAndResultBeforeTaxTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_StatutoryReserveDescriptionTypedMember" xlink:label="rj_StatutoryReserveDescriptionTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_StatutoryReserveDescriptionTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_StatutoryReserveDescriptionTypedMember_label_en">Description of the statutory reserve</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_StatutoryReserveDescriptionTypedMember_loc" xlink:to="rj_StatutoryReserveDescriptionTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SubfundsTypedMember" xlink:label="rj_SubfundsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SubfundsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SubfundsTypedMember_label_en">Subfunds</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SubfundsTypedMember_loc" xlink:to="rj_SubfundsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SubordinatedLiabilitiesTypedMember" xlink:label="rj_SubordinatedLiabilitiesTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SubordinatedLiabilitiesTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SubordinatedLiabilitiesTypedMember_label_en">Subordinated liabilities</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SubordinatedLiabilitiesTypedMember_loc" xlink:to="rj_SubordinatedLiabilitiesTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SubsequentEventsTypedMember" xlink:label="rj_SubsequentEventsTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SubsequentEventsTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SubsequentEventsTypedMember_label_en">Subsequent event</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SubsequentEventsTypedMember_loc" xlink:to="rj_SubsequentEventsTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SubsidyIncomeTypedMember" xlink:label="rj_SubsidyIncomeTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SubsidyIncomeTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SubsidyIncomeTypedMember_label_en">Subsidy income</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SubsidyIncomeTypedMember_loc" xlink:to="rj_SubsidyIncomeTypedMember_label_en"/>
    <label:label xlink:type="resource" xlink:label="rj_SubsidyIncomeTypedMember_verboseLabel_en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel" xml:lang="en" id="rj_SubsidyIncomeTypedMember_verboseLabel_en">Description of subsidy income</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SubsidyIncomeTypedMember_loc" xlink:to="rj_SubsidyIncomeTypedMember_verboseLabel_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_TangibleAssetsOtherTypedMember" xlink:label="rj_TangibleAssetsOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_TangibleAssetsOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_TangibleAssetsOtherTypedMember_label_en">Category of other tangible assets</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_TangibleAssetsOtherTypedMember_loc" xlink:to="rj_TangibleAssetsOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_TechnicalProvisionOtherTypedMember" xlink:label="rj_TechnicalProvisionOtherTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_TechnicalProvisionOtherTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_TechnicalProvisionOtherTypedMember_label_en">Category of other technical provision</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_TechnicalProvisionOtherTypedMember_loc" xlink:to="rj_TechnicalProvisionOtherTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_YearTypedMember" xlink:label="rj_YearTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_YearTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_YearTypedMember_label_en">Year</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_YearTypedMember_loc" xlink:to="rj_YearTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_MajorTypePerformanceObligationTypedMember" xlink:label="rj_MajorTypePerformanceObligationTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_MajorTypePerformanceObligationTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_MajorTypePerformanceObligationTypedMember_label_en">Major type of performance obligation</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_MajorTypePerformanceObligationTypedMember_loc" xlink:to="rj_MajorTypePerformanceObligationTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_PayoutCapacityTypedMember" xlink:label="rj_PayoutCapacityTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_PayoutCapacityTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_PayoutCapacityTypedMember_label_en">Distribution capacity</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_PayoutCapacityTypedMember_loc" xlink:to="rj_PayoutCapacityTypedMember_label_en"/>
    <link:loc xlink:type="locator" xlink:href="rj-cor.xsd#rj_SpreadingCapacityTypedMember" xlink:label="rj_SpreadingCapacityTypedMember_loc"/>
    <label:label xlink:type="resource" xlink:label="rj_SpreadingCapacityTypedMember_label_en" xlink:role="http://www.xbrl.org/2008/role/label" xml:lang="en" id="rj_SpreadingCapacityTypedMember_label_en">Dispersion capacity</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="rj_SpreadingCapacityTypedMember_loc" xlink:to="rj_SpreadingCapacityTypedMember_label_en"/>
  </gen:link>
</link:linkbase>
