<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT13
  Version: 20181212.a
  Release date: Tue Jun 19 09:00:00 2018
-->
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    <link:label id="rj-i_BondsOtherFixedIncomeSecuritiesAccumulatedDepreciationImpairments_terseLabel_en" xlink:label="rj-i_BondsOtherFixedIncomeSecuritiesAccumulatedDepreciationImpairments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated depreciation and impairments</link:label>
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    <link:label id="rj-i_LegalEntityAccumulatedLosses_terseLabel_en" xlink:label="rj-i_LegalEntityAccumulatedLosses_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated losses</link:label>
    <link:label id="rj-i_ConstructionContractsAccumulatedProjectRevenues_terseLabel_en" xlink:label="rj-i_ConstructionContractsAccumulatedProjectRevenues_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated project revenues</link:label>
    <link:label id="rj-i_InvestmentPropertiesAccumulatedRevaluations_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesAccumulatedRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated revaluations</link:label>
    <link:label id="rj-i_RealEstateInExploitationAccumulatedRevaluations_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationAccumulatedRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated revaluations</link:label>
    <link:label id="rj-i_SharesOtherVariableYieldSecuritiesAccumulatedRevaluations_terseLabel_en" xlink:label="rj-i_SharesOtherVariableYieldSecuritiesAccumulatedRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Accumulated revaluations</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentAdditionsThroughAcquisitions_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentAdditionsThroughAcquisitions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Acquisitions</link:label>
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    <link:label id="rj-i_AdditionsAcquisitionsClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_AdditionsAcquisitionsClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions and acquisitions</link:label>
    <link:label id="rj-i_EquityAdditionsChargedAgainstIncomeStatement_terseLabel_en" xlink:label="rj-i_EquityAdditionsChargedAgainstIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions charged against the income statement</link:label>
    <link:label id="rj-i_ProvisionsAdditionsChargedAgainstIncomeStatement_terseLabel_en" xlink:label="rj-i_ProvisionsAdditionsChargedAgainstIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions charged against the income statement</link:label>
    <link:label id="rj-i_ReceivablesFromBanksAdditionsDueToChangesInValue_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksAdditionsDueToChangesInValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions due to changes in value of receivables</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersAdditionsDueToChangesInValue_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersAdditionsDueToChangesInValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions due to changes in value of receivables</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsAdditionsThroughAcquisitions_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsAdditionsThroughAcquisitions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through acquisitions</link:label>
    <link:label id="rj-i_FinancialAssetsAdditionsThroughAcquisitions_terseLabel_en" xlink:label="rj-i_FinancialAssetsAdditionsThroughAcquisitions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through acquisitions</link:label>
    <link:label id="rj-i_IntangibleAssetsAdditionsThroughAcquisitions_terseLabel_en" xlink:label="rj-i_IntangibleAssetsAdditionsThroughAcquisitions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through acquisitions</link:label>
    <link:label id="rj-i_InvestmentPropertiesAdditionsThroughAcquisitions_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesAdditionsThroughAcquisitions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through acquisitions</link:label>
    <link:label id="rj-i_EquityAdditionsThroughRevaluationReserve_terseLabel_en" xlink:label="rj-i_EquityAdditionsThroughRevaluationReserve_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through revaluation reserve</link:label>
    <link:label id="rj-i_ProvisionsAdditionsThroughRevaluationReserve_terseLabel_en" xlink:label="rj-i_ProvisionsAdditionsThroughRevaluationReserve_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions through revaluation reserve</link:label>
    <link:label id="rj-i_SegmentReportingAcquisitionsIntangibleAssets_terseLabel_en" xlink:label="rj-i_SegmentReportingAcquisitionsIntangibleAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions to intangible assets</link:label>
    <link:label id="rj-i_SegmentReportingAcquisitionsPropertyPlantEquipment_terseLabel_en" xlink:label="rj-i_SegmentReportingAcquisitionsPropertyPlantEquipment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions to property, plant and equipment</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsAdditions_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_EquityAdditions_terseLabel_en" xlink:label="rj-i_EquityAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesAdditions_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_GoodwillAdditions_terseLabel_en" xlink:label="rj-i_GoodwillAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_InvestmentPropertiesAdditions_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_NegativeGoodwillAdditions_terseLabel_en" xlink:label="rj-i_NegativeGoodwillAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_ProvisionsAdditions_terseLabel_en" xlink:label="rj-i_ProvisionsAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_RealEstateInExploitationAdditions_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsAdditions_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_ReservesAndFundsAdditions_terseLabel_en" xlink:label="rj-i_ReservesAndFundsAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_TechnicalProvisionsOtherAdditions_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherAdditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Additions</link:label>
    <link:label id="rj-i_GoodwillAdjustmentsLaterIdentifiedAssetsLiabilities_terseLabel_en" xlink:label="rj-i_GoodwillAdjustmentsLaterIdentifiedAssetsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Adjustments due to later identified assets and liabilities and associated changes in value</link:label>
    <link:label id="rj-i_NegativeGoodwillAdjustmentsLaterIdentifiedAssetsLiabilities_terseLabel_en" xlink:label="rj-i_NegativeGoodwillAdjustmentsLaterIdentifiedAssetsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Adjustments due to later identified assets and liabilities and associated changes in value</link:label>
    <link:label id="rj-i_ConstructionContractsProgressBillings_terseLabel_en" xlink:label="rj-i_ConstructionContractsProgressBillings_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Advances received</link:label>
    <link:label id="rj-i_SegmentReportingAmortisationIntangibleAssets_terseLabel_en" xlink:label="rj-i_SegmentReportingAmortisationIntangibleAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation of intangible assets</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsDisposalsAmortisation_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsDisposalsAmortisation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation on disposals</link:label>
    <link:label id="rj-i_IntangibleAssetsAmortisationRate_terseLabel_en" xlink:label="rj-i_IntangibleAssetsAmortisationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation rate</link:label>
    <link:label id="rj-i_NegativeGoodwillAmortisationRate_terseLabel_en" xlink:label="rj-i_NegativeGoodwillAmortisationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation rate</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsAmortisation_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsAmortisation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation</link:label>
    <link:label id="rj-i_GoodwillAmortisation_terseLabel_en" xlink:label="rj-i_GoodwillAmortisation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amortisation</link:label>
    <link:label id="rj-i_SubsidyIncomeAllocationAmount_terseLabel_en" xlink:label="rj-i_SubsidyIncomeAllocationAmount_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amount of allocation</link:label>
    <link:label id="rj-i_LiabilitiesCurrentSecuredAmount_terseLabel_en" xlink:label="rj-i_LiabilitiesCurrentSecuredAmount_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amount of secured liabilities</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentSecuredAmount_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentSecuredAmount_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amount of secured liabilities</link:label>
    <link:label id="rj-i_ConstructionContractsWithheldByClient_terseLabel_en" xlink:label="rj-i_ConstructionContractsWithheldByClient_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Amount withheld by clients</link:label>
    <link:label id="rj-i_SubsidyIncomeAnySurplusToBeSettled_terseLabel_en" xlink:label="rj-i_SubsidyIncomeAnySurplusToBeSettled_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Any surplus to be settled</link:label>
    <link:label id="rj-i_IncomeAvailabilityContributionsEducation_terseLabel_en" xlink:label="rj-i_IncomeAvailabilityContributionsEducation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Availability contributions Education</link:label>
    <link:label id="rj-i_IncomeAvailabilityContributionsHealthcare_terseLabel_en" xlink:label="rj-i_IncomeAvailabilityContributionsHealthcare_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Availability contributions Healthcare</link:label>
    <link:label id="rj-i_OperatingLeasesCommitmentsMaturityAverageDescription_terseLabel_en" xlink:label="rj-i_OperatingLeasesCommitmentsMaturityAverageDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Average maturity of the commitments</link:label>
    <link:label id="rj-i_ShareBasedPaymentsTreasurySharesPaymentsAveragePrice_terseLabel_en" xlink:label="rj-i_ShareBasedPaymentsTreasurySharesPaymentsAveragePrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Average price of purchased treasury shares</link:label>
    <link:label id="rj-i_SubsidyIncomeBalanceStillToSpend_terseLabel_en" xlink:label="rj-i_SubsidyIncomeBalanceStillToSpend_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Balance still to spend</link:label>
    <link:label id="rj-i_EarningsPerShareBasic_terseLabel_en" xlink:label="rj-i_EarningsPerShareBasic_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Basic</link:label>
    <link:label id="rj-i_SegmentReportingAssets_terseLabel_en" xlink:label="rj-i_SegmentReportingAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Book value of assets</link:label>
    <link:label id="rj-i_SegmentReportingLiabilities_terseLabel_en" xlink:label="rj-i_SegmentReportingLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Book value of liabilities</link:label>
    <link:label id="rj-i_SegmentReportingProvisions_terseLabel_en" xlink:label="rj-i_SegmentReportingProvisions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Book value of provisions</link:label>
    <link:label id="rj-i_IntangibleAssetsIndividualAssetOfImportanceBookValue_terseLabel_en" xlink:label="rj-i_IntangibleAssetsIndividualAssetOfImportanceBookValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Book value</link:label>
    <link:label id="rj-i_FoundationCapital_terseLabel_en" xlink:label="rj-i_FoundationCapital_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Capital</link:label>
    <link:label id="rj-i_ConstructionContractsCapitalisedExpensesServicesNotYetRendered_terseLabel_en" xlink:label="rj-i_ConstructionContractsCapitalisedExpensesServicesNotYetRendered_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Capitalised expenses for services not yet rendered</link:label>
    <link:label id="rj-i_CashAndCashEquivalentsCashFlow_terseLabel_en" xlink:label="rj-i_CashAndCashEquivalentsCashFlow_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cash and cash equivalents</link:label>
    <link:label id="rj-i_ReceivablesPayablesClassifiedAsCashAndCashEquivalentsOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_ReceivablesPayablesClassifiedAsCashAndCashEquivalentsOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cash and cash equivalents</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJ_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJ_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Central government subsidies relating to Ministry of V&amp;J</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWS_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWS_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Central government subsidies relating to Ministry of VWS</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsTransfersOfRights_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsTransfersOfRights_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Change due to transfers of rights</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundTransfersOfRights_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundTransfersOfRights_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Change due to transfers of rights</link:label>
    <link:label id="rj-i_RevaluationReserveChangeAccountingPolicies_terseLabel_en" xlink:label="rj-i_RevaluationReserveChangeAccountingPolicies_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Change in accounting policies</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsMarketInterestRates_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsMarketInterestRates_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Change in market interest rates</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundMarketInterestRates_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundMarketInterestRates_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Change in market interest rates</link:label>
    <link:label id="rj-i_ChangeAccountingEstimatesDisclosure_terseLabel_en" xlink:label="rj-i_ChangeAccountingEstimatesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Changes in accounting estimates</link:label>
    <link:label id="rj-i_InvestmentResultPerUnitChangesInValue_terseLabel_en" xlink:label="rj-i_InvestmentResultPerUnitChangesInValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Changes in value per unit</link:label>
    <link:label id="rj-i_SubsidyIncomeAllocationCharacteristic_terseLabel_en" xlink:label="rj-i_SubsidyIncomeAllocationCharacteristic_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Characteristic of allocation</link:label>
    <link:label id="rj-i_CommissionsAndProfitSharingReceivedFromReinsurersCashFlow_terseLabel_en" xlink:label="rj-i_CommissionsAndProfitSharingReceivedFromReinsurersCashFlow_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Commissions and profit sharing received from reinsurers</link:label>
    <link:label id="rj-i_IntangibleAssetsCommitmentsRelatingToAdditionsThroughAcquisitionsDescription_terseLabel_en" xlink:label="rj-i_IntangibleAssetsCommitmentsRelatingToAdditionsThroughAcquisitionsDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Commitments relating to acquisitions of intangible assets</link:label>
    <link:label id="rj-i_LegalEntityManagementCompositionDescription_terseLabel_en" xlink:label="rj-i_LegalEntityManagementCompositionDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Composition of the management</link:label>
    <link:label id="rj-i_LegalEntityManagementSupervisoryBodyCompositionDescription_terseLabel_en" xlink:label="rj-i_LegalEntityManagementSupervisoryBodyCompositionDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Composition of the management</link:label>
    <link:label id="rj-i_OperatingLeasesConditionalLeasePayments_terseLabel_en" xlink:label="rj-i_OperatingLeasesConditionalLeasePayments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Conditional lease payments</link:label>
    <link:label id="rj-i_FinanceLeasesConditionalMinimalLeasePaymentsExpenseDuringPeriod_terseLabel_en" xlink:label="rj-i_FinanceLeasesConditionalMinimalLeasePaymentsExpenseDuringPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Conditional minimal lease payments</link:label>
    <link:label id="rj-i_FinanceLeasesConditionalMinimalLeasePaymentsIncomeDuringPeriod_terseLabel_en" xlink:label="rj-i_FinanceLeasesConditionalMinimalLeasePaymentsIncomeDuringPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Conditional minimal lease payments</link:label>
    <link:label id="rj-i_ConstructionContractsAssets_terseLabel_en" xlink:label="rj-i_ConstructionContractsAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Construction contracts</link:label>
    <link:label id="rj-i_ConstructionContractsLiabilities_terseLabel_en" xlink:label="rj-i_ConstructionContractsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Construction contracts</link:label>
    <link:label id="rj-i_ContinuitySectionDisclosure_terseLabel_en" xlink:label="rj-i_ContinuitySectionDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Continuity section</link:label>
    <link:label id="rj-i_MemberContributions_terseLabel_en" xlink:label="rj-i_MemberContributions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Contributions</link:label>
    <link:label id="rj-i_IntangibleAssetsCostPrice_terseLabel_en" xlink:label="rj-i_IntangibleAssetsCostPrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cost or manufacturing price</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentCostPrice_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentCostPrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cost or manufacturing price</link:label>
    <link:label id="rj-i_FinancialAssetsCostPrice_terseLabel_en" xlink:label="rj-i_FinancialAssetsCostPrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cost price</link:label>
    <link:label id="rj-i_InvestmentPropertiesCostPrice_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesCostPrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Cost price</link:label>
    <link:label id="rj-i_AgriculturalInventoriesCurrentValue_terseLabel_en" xlink:label="rj-i_AgriculturalInventoriesCurrentValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Current value</link:label>
    <link:label id="rj-i_DBCsDBCHealthcareProductsInProgressAssets_terseLabel_en" xlink:label="rj-i_DBCsDBCHealthcareProductsInProgressAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">DBCs and DBC-healthcare products in progress</link:label>
    <link:label id="rj-i_DBCsDBCHealthcareProductsInProgressLiabilities_terseLabel_en" xlink:label="rj-i_DBCsDBCHealthcareProductsInProgressLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">DBCs and DBC-healthcare products in progress</link:label>
    <link:label id="rj-i_SubsidyIncomeAllocationDate_terseLabel_en" xlink:label="rj-i_SubsidyIncomeAllocationDate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Date of allocation</link:label>
    <link:label id="rj-i_FinancialStatementsDateOfPreparation_terseLabel_en" xlink:label="rj-i_FinancialStatementsDateOfPreparation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Date of preparation</link:label>
    <link:label id="rj-i_SubstainabilityReportDateOfPublication_terseLabel_en" xlink:label="rj-i_SubstainabilityReportDateOfPublication_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Date of publication</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentDebtsAcquiredOnTakeover_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentDebtsAcquiredOnTakeover_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Debts acquired on takeover</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentDebtsDisposedOnDisposal_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentDebtsDisposedOnDisposal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Debts disposed of on disposal</link:label>
    <link:label id="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Deducted management fees and other fees</link:label>
    <link:label id="rj-i_DeferredAcquisitionCostsClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_DeferredAcquisitionCostsClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Deferred acquisition costs</link:label>
    <link:label id="rj-i_DeferredTaxAssetsCurrent_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Deferred tax assets</link:label>
    <link:label id="rj-i_DeferredTaxAssetsNoncurrent_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsNoncurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Deferred tax assets</link:label>
    <link:label id="rj-i_SegmentReportingDepreciationPropertyPlantEquipment_terseLabel_en" xlink:label="rj-i_SegmentReportingDepreciationPropertyPlantEquipment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Depreciation of property, plant and equipment</link:label>
    <link:label id="rj-i_InvestmentPropertiesDisposalsDepreciation_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDisposalsDepreciation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Depreciation on disposals</link:label>
    <link:label id="rj-i_InvestmentPropertiesDepreciationRate_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDepreciationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Depreciation rate</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentDepreciationRate_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentDepreciationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Depreciation rate</link:label>
    <link:label id="rj-i_InvestmentPropertiesDepreciation_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDepreciation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Depreciation</link:label>
    <link:label id="rj-i_DescriptionKeyElementsRecoveryPlanPensionProvider_terseLabel_en" xlink:label="rj-i_DescriptionKeyElementsRecoveryPlanPensionProvider_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description key elements of recovery plan of the pension provider</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsGuaranteesDescription_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsGuaranteesDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of obligations from guarantees</link:label>
    <link:label id="rj-i_ShareBasedPaymentsPurchaseCommitmentDescription_terseLabel_en" xlink:label="rj-i_ShareBasedPaymentsPurchaseCommitmentDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of purchase commitments of shares(certificates)</link:label>
    <link:label id="rj-i_ConditionalAcquisitionPurchasePriceDescription_terseLabel_en" xlink:label="rj-i_ConditionalAcquisitionPurchasePriceDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the conditional purchase price</link:label>
    <link:label id="rj-i_AcquisitionEstimateFairValueIdentifiableAssetsLiabilitiesDescription_terseLabel_en" xlink:label="rj-i_AcquisitionEstimateFairValueIdentifiableAssetsLiabilitiesDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the estimate of the fair value of the identifiable assets and liabilities</link:label>
    <link:label id="rj-i_MergersAcquisitionsAcquireeDescription_terseLabel_en" xlink:label="rj-i_MergersAcquisitionsAcquireeDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the merged or acquired party</link:label>
    <link:label id="rj-i_FinancialInstrumentsNatureExtentAndContractualConditionsDescription_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsNatureExtentAndContractualConditionsDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the nature, amount and important contractual conditions</link:label>
    <link:label id="rj-i_ConstructionContractsProjectDescription_terseLabel_en" xlink:label="rj-i_ConstructionContractsProjectDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the project</link:label>
    <link:label id="rj-i_AcquisitionPurchasePriceDescription_terseLabel_en" xlink:label="rj-i_AcquisitionPurchasePriceDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the purchase price</link:label>
    <link:label id="rj-i_LegalEntityPurposeDescription_terseLabel_en" xlink:label="rj-i_LegalEntityPurposeDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the purpose</link:label>
    <link:label id="rj-i_DescriptionOfSignificantRisksAndUncertaintiesOfThePastYearAndTheirConsequences_terseLabel_en" xlink:label="rj-i_DescriptionOfSignificantRisksAndUncertaintiesOfThePastYearAndTheirConsequences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description of the significant risks and uncertainties</link:label>
    <link:label id="rj-i_IntangibleAssetsIndividualAssetOfImportanceDescription_terseLabel_en" xlink:label="rj-i_IntangibleAssetsIndividualAssetOfImportanceDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Description</link:label>
    <link:label id="rj-i_EarningsPerShareDiluted_terseLabel_en" xlink:label="rj-i_EarningsPerShareDiluted_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Diluted</link:label>
    <link:label id="rj-i_DirectInvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_DirectInvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct investment properties</link:label>
    <link:label id="rj-i_DirectInvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_DirectInvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct investment properties</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyChangeAccountingPolicies_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyChangeAccountingPolicies_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of a change in accounting policies</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyChangeAccountingPolicies_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyChangeAccountingPolicies_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of a change in accounting policies</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyExchangeDifferences_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of exchange differences</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyExchangeDifferences_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of exchange differences</link:label>
    <link:label id="rj-i_EquityDirectlyFinancialInstruments_terseLabel_en" xlink:label="rj-i_EquityDirectlyFinancialInstruments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of financial instruments</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyFinancialInstruments_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyFinancialInstruments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of financial instruments</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyFinancialInstruments_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyFinancialInstruments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of financial instruments</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyImpairment_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyImpairment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of impairments</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyImpairment_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyImpairment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of impairments</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyPriorPeriodErrors_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyPriorPeriodErrors_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of prior period errors</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyPriorPeriodErrors_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyPriorPeriodErrors_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of prior period errors</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesDirectlyImpairmentReversal_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesDirectlyImpairmentReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of the reversal of impairments</link:label>
    <link:label id="rj-i_ReservesAndFundsDirectlyImpairmentReversal_terseLabel_en" xlink:label="rj-i_ReservesAndFundsDirectlyImpairmentReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct movement as a result of the reversal of impairments</link:label>
    <link:label id="rj-i_DirectOperationalExpensesOfInvestmentPropertiesThatDidNotGeneratedRentalIncomeDuringTheReportingPeriod_terseLabel_en" xlink:label="rj-i_DirectOperationalExpensesOfInvestmentPropertiesThatDidNotGeneratedRentalIncomeDuringTheReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct operational expenses of investment properties that did not generate rental income during the reporting period</link:label>
    <link:label id="rj-i_DirectOperationalExpensesOfInvestmentPropertiesThatGeneratedRentalIncomeDuringTheReportingPeriod_terseLabel_en" xlink:label="rj-i_DirectOperationalExpensesOfInvestmentPropertiesThatGeneratedRentalIncomeDuringTheReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Direct operational expenses of investment properties that generated rental income during the reporting period</link:label>
    <link:label id="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure deducted management fees and other fees</link:label>
    <link:label id="rj-i_ExpirationCapitalPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_ExpirationCapitalPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure expiration capital</link:label>
    <link:label id="rj-i_FinancialLiabilitiesNoncurrentBookValueHigherThanFairValueDisclosure_terseLabel_en" xlink:label="rj-i_FinancialLiabilitiesNoncurrentBookValueHigherThanFairValueDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of book value higher than fair value</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJDisclosure_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of central government subsidies relating to Ministry of V&amp;J</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWSDisclosure_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWSDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of central government subsidies relating to Ministry of VWS</link:label>
    <link:label id="rj-i_CompoundFinancialInstrumentsDisclosure_terseLabel_en" xlink:label="rj-i_CompoundFinancialInstrumentsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of compound instruments</link:label>
    <link:label id="rj-i_EquityContinuityDisclosure_terseLabel_en" xlink:label="rj-i_EquityContinuityDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of continuity</link:label>
    <link:label id="rj-i_InventoriesCostMethodDescription_terseLabel_en" xlink:label="rj-i_InventoriesCostMethodDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of cost method</link:label>
    <link:label id="rj-i_DeferredTaxAssetsCurrentDisclosure_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of deferred tax assets</link:label>
    <link:label id="rj-i_DeferredTaxAssetsNoncurrentDisclosure_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsNoncurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of deferred tax assets</link:label>
    <link:label id="rj-i_DepreciationAmortisationAndInterestExpensesDisclosure_terseLabel_en" xlink:label="rj-i_DepreciationAmortisationAndInterestExpensesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of depreciation, amortisation and interest</link:label>
    <link:label id="rj-i_DonorContributionsDisclosure_terseLabel_en" xlink:label="rj-i_DonorContributionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of donations</link:label>
    <link:label id="rj-i_FinancialInstrumentsFairValueDisclosure_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsFairValueDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of fair value</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesCurrentDisclosure_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of finance lease liabilities</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesNoncurrentDisclosure_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesNoncurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of finance lease liabilities</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentFinanceLeaseDisclosure_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentFinanceLeaseDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of finance lease</link:label>
    <link:label id="rj-i_IncomeTaxFiscalAdjustmentsPriorYearsDisclosure_terseLabel_en" xlink:label="rj-i_IncomeTaxFiscalAdjustmentsPriorYearsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of fiscal adjustments for prior years</link:label>
    <link:label id="rj-i_FinancialInstrumentsHedgeAccountingDisclosure_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsHedgeAccountingDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of hedge accounting</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investment properties</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed and non-listed investment institutions that invest in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed and non-listed investment institutions that invest in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed and non-listed investment institutions that invest in shares</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed and non-listed investment institutions that invest in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of investments in shares</link:label>
    <link:label id="rj-i_LiabilitiesFinancingSurplusCurrentDisclosure_terseLabel_en" xlink:label="rj-i_LiabilitiesFinancingSurplusCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of liabilities relating to financing surplus</link:label>
    <link:label id="rj-i_ReceivablesMaturityExceedingOneYearDisclosure_terseLabel_en" xlink:label="rj-i_ReceivablesMaturityExceedingOneYearDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of maturity exceeding one year</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsOtherDisclosure_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsOtherDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of other central government subsidies</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfParticipantsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPensionFundDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of other investments</link:label>
    <link:label id="rj-i_CostsOutsourcedWorkDisclosure_terseLabel_en" xlink:label="rj-i_CostsOutsourcedWorkDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of outsourced work</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsEquityDisclosure_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsEquityDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of participations</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsLiabilitiesDisclosure_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsLiabilitiesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of participations</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersCurrentDisclosure_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of payables to members of the cooperative</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersNoncurrentDisclosure_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersNoncurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of payables to members of the cooperative</link:label>
    <link:label id="rj-i_PurchasesAndAcquisitionsExpensesDisclosure_terseLabel_en" xlink:label="rj-i_PurchasesAndAcquisitionsExpensesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of purchases and acquisitions</link:label>
    <link:label id="rj-i_IncomeFromRealisedPriceGainsLossesDisclosure_terseLabel_en" xlink:label="rj-i_IncomeFromRealisedPriceGainsLossesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of realised price gains and losses</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersCurrentDisclosure_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersNoncurrentDisclosure_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersNoncurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ChangesValueFinancialAssetsDisclosure_terseLabel_en" xlink:label="rj-i_ChangesValueFinancialAssetsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of revaluation of financial assets</link:label>
    <link:label id="rj-i_FinancialInstrumentsSecuritisationRepurchaseAgreementDisclosure_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsSecuritisationRepurchaseAgreementDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of securitisation and repurchase agreement</link:label>
    <link:label id="rj-i_SubsidiesAndContributionsExpensesDisclosure_terseLabel_en" xlink:label="rj-i_SubsidiesAndContributionsExpensesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of subsidies and contributions</link:label>
    <link:label id="rj-i_SubsidyLiabilitiesCurrentDisclosure_terseLabel_en" xlink:label="rj-i_SubsidyLiabilitiesCurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of subsidy liabilities</link:label>
    <link:label id="rj-i_SubsidyLiabilitiesNoncurrentDisclosure_terseLabel_en" xlink:label="rj-i_SubsidyLiabilitiesNoncurrentDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of subsidy liabilities</link:label>
    <link:label id="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of sum of transfer taken pension obligations</link:label>
    <link:label id="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of sum of transfer transferred pension obligations</link:label>
    <link:label id="rj-i_IncomeFromUnrealisedPriceGainsLossesDisclosure_terseLabel_en" xlink:label="rj-i_IncomeFromUnrealisedPriceGainsLossesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure of unrealised price gains and losses</link:label>
    <link:label id="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disclosure reimbursement activities investments</link:label>
    <link:label id="rj-i_DiscontinuedOperationsDisclosure_terseLabel_en" xlink:label="rj-i_DiscontinuedOperationsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Discontinued operations</link:label>
    <link:label id="rj-i_DisposalsRedemptionsDivestituresClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_DisposalsRedemptionsDivestituresClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disposals, redemptions and divestitures</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsDisposals_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsDisposals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disposals</link:label>
    <link:label id="rj-i_InvestmentPropertiesDisposals_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDisposals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disposals</link:label>
    <link:label id="rj-i_InvestmentsDisposals_terseLabel_en" xlink:label="rj-i_InvestmentsDisposals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Disposals</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsDivestitures_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsDivestitures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Divestitures</link:label>
    <link:label id="rj-i_FinancialAssetsDivestitures_terseLabel_en" xlink:label="rj-i_FinancialAssetsDivestitures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Divestitures</link:label>
    <link:label id="rj-i_IntangibleAssetsDivestitures_terseLabel_en" xlink:label="rj-i_IntangibleAssetsDivestitures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Divestitures</link:label>
    <link:label id="rj-i_InvestmentsDivestitures_terseLabel_en" xlink:label="rj-i_InvestmentsDivestitures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Divestitures</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentDivestitures_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentDivestitures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Divestitures</link:label>
    <link:label id="rj-i_FinancialAssetsDividendFromParticipatingInterests_terseLabel_en" xlink:label="rj-i_FinancialAssetsDividendFromParticipatingInterests_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividend from participating interests</link:label>
    <link:label id="rj-i_DividendPayableHoldersSharesRecordedAsEquity_terseLabel_en" xlink:label="rj-i_DividendPayableHoldersSharesRecordedAsEquity_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividend payable to holders of shares</link:label>
    <link:label id="rj-i_DividendsPaidOtherClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidOtherClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid to others</link:label>
    <link:label id="rj-i_DividendsPaidOtherClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidOtherClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid to others</link:label>
    <link:label id="rj-i_DividendsPaidToShareholdersMinorityInterestsClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidToShareholdersMinorityInterestsClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid to shareholders of the company and to holders of minority interests</link:label>
    <link:label id="rj-i_DividendsPaidToShareholdersMinorityInterestsClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidToShareholdersMinorityInterestsClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid to shareholders of the company and to holders of minority interests</link:label>
    <link:label id="rj-i_DividendsPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid</link:label>
    <link:label id="rj-i_DividendsPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_DividendsPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends paid</link:label>
    <link:label id="rj-i_DividendsReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_DividendsReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends received</link:label>
    <link:label id="rj-i_DividendsReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_DividendsReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends received</link:label>
    <link:label id="rj-i_DividendsReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_DividendsReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Dividends received</link:label>
    <link:label id="rj-i_DocumentRelatesToIndividualEntityOrGroup_terseLabel_en" xlink:label="rj-i_DocumentRelatesToIndividualEntityOrGroup_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Document relates to an individual entity or a group of entities</link:label>
    <link:label id="rj-i_DonorContributions_terseLabel_en" xlink:label="rj-i_DonorContributions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Donations</link:label>
    <link:label id="rj-i_IntangibleAssetsEconomicLife_terseLabel_en" xlink:label="rj-i_IntangibleAssetsEconomicLife_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Economic life (in months)</link:label>
    <link:label id="rj-i_InvestmentPropertiesEconomicLife_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesEconomicLife_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Economic life (in months)</link:label>
    <link:label id="rj-i_ChangeAccountingPoliciesEffectOnIndividualItemsDescription_terseLabel_en" xlink:label="rj-i_ChangeAccountingPoliciesEffectOnIndividualItemsDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Effects on individual lineitems of changes in accounting principles</link:label>
    <link:label id="rj-i_IntangibleAssetsAmortisationRateRangeEnd_terseLabel_en" xlink:label="rj-i_IntangibleAssetsAmortisationRateRangeEnd_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">End of range</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentDepreciationRateRangeEnd_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentDepreciationRateRangeEnd_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">End of the range of the depreciation rate of property, plant and equipment</link:label>
    <link:label id="rj-i_InvestmentPropertiesDepreciationRateRangeEnd_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDepreciationRateRangeEnd_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">End of the range of the depreciation rate</link:label>
    <link:label id="rj-i_EstimatesDisclosure_terseLabel_en" xlink:label="rj-i_EstimatesDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Estimates</link:label>
    <link:label id="rj-i_ExchangeDifferencesForeignParticipatingInterests_terseLabel_en" xlink:label="rj-i_ExchangeDifferencesForeignParticipatingInterests_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences of foreign participating interests</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsExchangeDifferences_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_FinancialAssetsExchangeDifferences_terseLabel_en" xlink:label="rj-i_FinancialAssetsExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_IntangibleAssetsExchangeDifferences_terseLabel_en" xlink:label="rj-i_IntangibleAssetsExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_InvestmentPropertiesExchangeDifferences_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentExchangeDifferences_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_ProvisionsExchangeDifferences_terseLabel_en" xlink:label="rj-i_ProvisionsExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsExchangeDifferences_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_TechnicalProvisionsOtherExchangeDifferences_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherExchangeDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange differences</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentExchangeRateChanges_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentExchangeRateChanges_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Exchange rate changes</link:label>
    <link:label id="rj-i_SubsidyIncomeExpensesUtilisationDuringReportingPeriod_terseLabel_en" xlink:label="rj-i_SubsidyIncomeExpensesUtilisationDuringReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Expenses during the reporting period</link:label>
    <link:label id="rj-i_InvestmentResultPerUnitExpenses_terseLabel_en" xlink:label="rj-i_InvestmentResultPerUnitExpenses_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Expenses per unit</link:label>
    <link:label id="rj-i_ExpirationCapitalPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_ExpirationCapitalPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Expiration capital</link:label>
    <link:label id="rj-i_RemunerationManagingSupervisoryDirectorsExtentOfEmploymentInHours_terseLabel_en" xlink:label="rj-i_RemunerationManagingSupervisoryDirectorsExtentOfEmploymentInHours_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Extent of employment (in hours)</link:label>
    <link:label id="rj-i_ExtraordinaryResultClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_ExtraordinaryResultClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Extraordinary result</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesCurrent_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Finance lease liabilities</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesNoncurrent_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesNoncurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Finance lease liabilities</link:label>
    <link:label id="rj-i_FinancialInstrumentsAssets_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Financial instruments</link:label>
    <link:label id="rj-i_FinancialInstrumentsLiabilities_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Financial instruments</link:label>
    <link:label id="rj-i_FinancingDeficitSurplusToBeSettledInRatesFinancingDifferenceDuringPeriod_terseLabel_en" xlink:label="rj-i_FinancingDeficitSurplusToBeSettledInRatesFinancingDifferenceDuringPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Financing difference during the period</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsFiscalUnityDescription_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsFiscalUnityDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Fiscal unity</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentGrossBookValueFullyDepreciatedStillInUse_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentGrossBookValueFullyDepreciatedStillInUse_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Fully depreciated property, plant and equipment that are still in use</link:label>
    <link:label id="rj-i_SubsidyIncomeActivitiesFullyPerformedAndCompletedAtPeriodEndInAccordanceWithConditions_terseLabel_en" xlink:label="rj-i_SubsidyIncomeActivitiesFullyPerformedAndCompletedAtPeriodEndInAccordanceWithConditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Fully performed and completed (Y/N)</link:label>
    <link:label id="rj-i_FinanceLeasesFutureSubLeaseReceivables_terseLabel_en" xlink:label="rj-i_FinanceLeasesFutureSubLeaseReceivables_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Future sub-lease payment receivables</link:label>
    <link:label id="rj-i_OperatingLeasesFutureSubLeaseReceivables_terseLabel_en" xlink:label="rj-i_OperatingLeasesFutureSubLeaseReceivables_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Future sub-lease receivables</link:label>
    <link:label id="rj-i_GoodwillGross_terseLabel_en" xlink:label="rj-i_GoodwillGross_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Gross value</link:label>
    <link:label id="rj-i_NegativeGoodwillGross_terseLabel_en" xlink:label="rj-i_NegativeGoodwillGross_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Gross value</link:label>
    <link:label id="rj-i_ImpactTaxesComprehensiveIncomeOther_terseLabel_en" xlink:label="rj-i_ImpactTaxesComprehensiveIncomeOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impact of taxes</link:label>
    <link:label id="rj-i_FinancialReportingPeriodDifferentThanAnnualImpactComparatives_terseLabel_en" xlink:label="rj-i_FinancialReportingPeriodDifferentThanAnnualImpactComparatives_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impact on comparative figures</link:label>
    <link:label id="rj-i_SegmentReportingImpairmentIntangibleAssets_terseLabel_en" xlink:label="rj-i_SegmentReportingImpairmentIntangibleAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment of intangible assets</link:label>
    <link:label id="rj-i_SegmentReportingImpairmentPropertyPlantEquipment_terseLabel_en" xlink:label="rj-i_SegmentReportingImpairmentPropertyPlantEquipment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment of property, plant and equipment</link:label>
    <link:label id="rj-i_GoodwillImpairment_terseLabel_en" xlink:label="rj-i_GoodwillImpairment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentFinancialAssetsRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentFinancialAssetsRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentFinancialAssets_terseLabel_en" xlink:label="rj-i_ImpairmentFinancialAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentIntangibleAssetsRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentIntangibleAssetsRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentIntangibleAssets_terseLabel_en" xlink:label="rj-i_ImpairmentIntangibleAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentInvestmentPropertiesRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentInvestmentPropertiesRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentPropertyPlantEquipmentRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentPropertyPlantEquipmentRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentPropertyPlantEquipment_terseLabel_en" xlink:label="rj-i_ImpairmentPropertyPlantEquipment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_ImpairmentSecuritiesRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentSecuritiesRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_InvestmentPropertiesImpairment_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesImpairment_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairment</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsImpairments_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsImpairments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Impairments</link:label>
    <link:label id="rj-i_FinanceLeasesImportantConditions_terseLabel_en" xlink:label="rj-i_FinanceLeasesImportantConditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Important conditions</link:label>
    <link:label id="rj-i_OperatingLeasesImportantConditionsDescription_terseLabel_en" xlink:label="rj-i_OperatingLeasesImportantConditionsDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Important conditions</link:label>
    <link:label id="rj-i_EquityImportantSubsequentEventsDisclosure_terseLabel_en" xlink:label="rj-i_EquityImportantSubsequentEventsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Important subsequent events</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentImpositionAmortization_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentImpositionAmortization_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Imposition / amortization</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentBookValueInactiveHeldForSale_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentBookValueInactiveHeldForSale_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Inactive property, plant and equipment that are held for sale</link:label>
    <link:label id="rj-i_FinancingDeficitSurplusToBeSettledInRatesIncludedInLiabilitiesFinancingSurplus_terseLabel_en" xlink:label="rj-i_FinancingDeficitSurplusToBeSettledInRatesIncludedInLiabilitiesFinancingSurplus_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Included in liabilities relating to financing surplus</link:label>
    <link:label id="rj-i_FinancingDeficitSurplusToBeSettledInRatesIncludedInReceivablesFinancingDeficit_terseLabel_en" xlink:label="rj-i_FinancingDeficitSurplusToBeSettledInRatesIncludedInReceivablesFinancingDeficit_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Included in receivables relating to financing deficit</link:label>
    <link:label id="rj-i_ConstructionContractsClassifiedAsIncomeInIncomeStatement_terseLabel_en" xlink:label="rj-i_ConstructionContractsClassifiedAsIncomeInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income from construction contracts</link:label>
    <link:label id="rj-i_EquityIncomeInvestmentsAllocation_terseLabel_en" xlink:label="rj-i_EquityIncomeInvestmentsAllocation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income from investments</link:label>
    <link:label id="rj-i_InvestmentResultPerUnitIncome_terseLabel_en" xlink:label="rj-i_InvestmentResultPerUnitIncome_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income per unit</link:label>
    <link:label id="rj-i_IncomeTaxPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax paid</link:label>
    <link:label id="rj-i_IncomeTaxPaidClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxPaidClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax paid</link:label>
    <link:label id="rj-i_IncomeTaxPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax paid</link:label>
    <link:label id="rj-i_IncomeTaxReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax received</link:label>
    <link:label id="rj-i_IncomeTaxReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax received</link:label>
    <link:label id="rj-i_IncomeTaxReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_IncomeTaxReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Income tax received</link:label>
    <link:label id="rj-i_EquityIncreaseDecreaseEquityManagedCapital_terseLabel_en" xlink:label="rj-i_EquityIncreaseDecreaseEquityManagedCapital_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Increase or decrease in equity of in the managed capital</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsIndexationAndOtherMarkUps_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsIndexationAndOtherMarkUps_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Indexation and other mark-ups</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundIndexationAndOtherMarkUps_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundIndexationAndOtherMarkUps_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Indexation and other mark-ups</link:label>
    <link:label id="rj-i_IndirectInvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_IndirectInvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Indirect investment properties</link:label>
    <link:label id="rj-i_IndirectInvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_IndirectInvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Indirect investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesAdditionsInitial_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesAdditionsInitial_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Initial additions</link:label>
    <link:label id="rj-i_RealEstateInExploitationAdditionsInitial_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationAdditionsInitial_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Initial additions</link:label>
    <link:label id="rj-i_DocumentIntendedRoundingLevel_terseLabel_en" xlink:label="rj-i_DocumentIntendedRoundingLevel_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Intended rounding level</link:label>
    <link:label id="rj-i_SegmentReportingNetRevenueAttributableIntercompanySegmentsOther_terseLabel_en" xlink:label="rj-i_SegmentReportingNetRevenueAttributableIntercompanySegmentsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Intercompany revenues from other segments</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsInterestAdded_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsInterestAdded_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest added</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundInterestAdded_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundInterestAdded_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest added</link:label>
    <link:label id="rj-i_InterestPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_InterestPaidClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest paid</link:label>
    <link:label id="rj-i_InterestPaidClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_InterestPaidClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest paid</link:label>
    <link:label id="rj-i_InterestPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_InterestPaidClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest paid</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentInterestRate_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentInterestRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest rate</link:label>
    <link:label id="rj-i_InterestReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:label="rj-i_InterestReceivedClassifiedAsFinancingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest received</link:label>
    <link:label id="rj-i_InterestReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:label="rj-i_InterestReceivedClassifiedAsInvestingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest received</link:label>
    <link:label id="rj-i_InterestReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:label="rj-i_InterestReceivedClassifiedAsOperatingActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest received</link:label>
    <link:label id="rj-i_FinancialInstrumentsRiskManagementInterestRisksDisclosure_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsRiskManagementInterestRisksDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Interest risks</link:label>
    <link:label id="rj-i_IntangibleAssetsInvestmentsInternallyGenerated_terseLabel_en" xlink:label="rj-i_IntangibleAssetsInvestmentsInternallyGenerated_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Internally generated</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investment properties</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments in shares</link:label>
    <link:label id="rj-i_ReceivablesPayablesClassifiedAsInvestmentsOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_ReceivablesPayablesClassifiedAsInvestmentsOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Investments</link:label>
    <link:label id="rj-i_CurrentExpensesFactorSubfund_terseLabel_en" xlink:label="rj-i_CurrentExpensesFactorSubfund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">LKF</link:label>
    <link:label id="rj-i_CurrentExpensesFactor_terseLabel_en" xlink:label="rj-i_CurrentExpensesFactor_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">LKF</link:label>
    <link:label id="rj-i_IncomeLegalBudgetAcceptableCostsWlz_terseLabel_en" xlink:label="rj-i_IncomeLegalBudgetAcceptableCostsWlz_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Legal budget for acceptable costs Wlz</link:label>
    <link:label id="rj-i_IncomeLegalBudgetAcceptableCosts_terseLabel_en" xlink:label="rj-i_IncomeLegalBudgetAcceptableCosts_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Legal budget for acceptable costs</link:label>
    <link:label id="rj-i_RelatedPartyLegalForm_terseLabel_en" xlink:label="rj-i_RelatedPartyLegalForm_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Legal form</link:label>
    <link:label id="rj-i_LiabilitiesFinancingSurplusCurrent_terseLabel_en" xlink:label="rj-i_LiabilitiesFinancingSurplusCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Liabilities relating to financing surplus</link:label>
    <link:label id="rj-i_OffBalanceSheetLiabilitiesLiabilityClaimDescription_terseLabel_en" xlink:label="rj-i_OffBalanceSheetLiabilitiesLiabilityClaimDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Liability claim</link:label>
    <link:label id="rj-i_GoodwillIncomeStatementLineItemWhereAmortisationRecognisedDescription_terseLabel_en" xlink:label="rj-i_GoodwillIncomeStatementLineItemWhereAmortisationRecognisedDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Line item in the income statement where the amortisation is recognised</link:label>
    <link:label id="rj-i_IntangibleAssetsIncomeStatementLineItemWhereAmortisationRecognisedDescription_terseLabel_en" xlink:label="rj-i_IntangibleAssetsIncomeStatementLineItemWhereAmortisationRecognisedDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Line item in the income statement where the amortisation is recognised</link:label>
    <link:label id="rj-i_LoansAdvancesGuaranteesOnBehalfOfManagingDirectorsFormerManagingDirectors_terseLabel_en" xlink:label="rj-i_LoansAdvancesGuaranteesOnBehalfOfManagingDirectorsFormerManagingDirectors_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Loans, advances and guarantees on behalf of managing directors</link:label>
    <link:label id="rj-i_LoansAdvancesGuaranteesOnBehalfOfSupervisoryDirectorsFormerSupervisoryDirectors_terseLabel_en" xlink:label="rj-i_LoansAdvancesGuaranteesOnBehalfOfSupervisoryDirectorsFormerSupervisoryDirectors_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Loans, advances and guarantees on behalf of supervisory directors</link:label>
    <link:label id="rj-i_LegalEntityLossesOverReportingPeriod_terseLabel_en" xlink:label="rj-i_LegalEntityLossesOverReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Losses over the reporting period</link:label>
    <link:label id="rj-i_RelatedPartyMainActivitiesIndication_terseLabel_en" xlink:label="rj-i_RelatedPartyMainActivitiesIndication_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Main activities</link:label>
    <link:label id="rj-i_StaffingLevelManagement_terseLabel_en" xlink:label="rj-i_StaffingLevelManagement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Management</link:label>
    <link:label id="rj-i_ProvisionsMaturityExceedingFiveYears_terseLabel_en" xlink:label="rj-i_ProvisionsMaturityExceedingFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Maturity exceeding five years</link:label>
    <link:label id="rj-i_ProvisionsMaturityWithinOneYear_terseLabel_en" xlink:label="rj-i_ProvisionsMaturityWithinOneYear_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Maturity within one year</link:label>
    <link:label id="rj-i_OperatingLeasesMinimalLeasePaymentsDuringPeriod_terseLabel_en" xlink:label="rj-i_OperatingLeasesMinimalLeasePaymentsDuringPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments during the period</link:label>
    <link:label id="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityExceedingFiveYears_terseLabel_en" xlink:label="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityExceedingFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity exceeding five years</link:label>
    <link:label id="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityExceedingFiveYears_terseLabel_en" xlink:label="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityExceedingFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity exceeding five years</link:label>
    <link:label id="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityExceedingOneYearWithinFiveYears_terseLabel_en" xlink:label="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityExceedingOneYearWithinFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity exceeding one year and within five years</link:label>
    <link:label id="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityExceedingOneYearWithinFiveYears_terseLabel_en" xlink:label="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityExceedingOneYearWithinFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity exceeding one year and within five years</link:label>
    <link:label id="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityWithinOneYear_terseLabel_en" xlink:label="rj-i_FinanceLeasesMinimalLeasePaymentsMaturityWithinOneYear_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity within one year</link:label>
    <link:label id="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityWithinOneYear_terseLabel_en" xlink:label="rj-i_OperatingLeasesMinimumLeasePaymentsMaturityWithinOneYear_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments with a maturity within one year</link:label>
    <link:label id="rj-i_FinanceLeasesMinimalLeasePayments_terseLabel_en" xlink:label="rj-i_FinanceLeasesMinimalLeasePayments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments</link:label>
    <link:label id="rj-i_OperatingLeasesMinimalLeasePayments_terseLabel_en" xlink:label="rj-i_OperatingLeasesMinimalLeasePayments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Minimal lease payments</link:label>
    <link:label id="rj-i_IncreaseDecreaseLiabilitiesCurrent_terseLabel_en" xlink:label="rj-i_IncreaseDecreaseLiabilitiesCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement current liabilities</link:label>
    <link:label id="rj-i_IncreaseDecreaseReceivablesCurrent_terseLabel_en" xlink:label="rj-i_IncreaseDecreaseReceivablesCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement current receivables</link:label>
    <link:label id="rj-i_BondsOtherFixedIncomeSecuritiesMovement_terseLabel_en" xlink:label="rj-i_BondsOtherFixedIncomeSecuritiesMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsMovement_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_DesignatedFundMovement_terseLabel_en" xlink:label="rj-i_DesignatedFundMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_DesignatedReserveMovement_terseLabel_en" xlink:label="rj-i_DesignatedReserveMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_FinancingDeficitSurplusToBeSettledInRatesMovement_terseLabel_en" xlink:label="rj-i_FinancingDeficitSurplusToBeSettledInRatesMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesMovement_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_GoodwillMovement_terseLabel_en" xlink:label="rj-i_GoodwillMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_InvestmentPropertiesMovement_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentMovement_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_NegativeGoodwillMovement_terseLabel_en" xlink:label="rj-i_NegativeGoodwillMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_ObligationsOnBehalfOfParticipantsPremiumPensionsInstitutionsMovement_terseLabel_en" xlink:label="rj-i_ObligationsOnBehalfOfParticipantsPremiumPensionsInstitutionsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_RealEstateInExploitationMovement_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_ReceivablesFromBanksMovement_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersMovement_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsMovement_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_ReservesAndFundsMovement_terseLabel_en" xlink:label="rj-i_ReservesAndFundsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_SharesOtherVariableYieldSecuritiesMovement_terseLabel_en" xlink:label="rj-i_SharesOtherVariableYieldSecuritiesMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_TechnicalProvisionsMovement_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_TechnicalProvisionsOtherMovement_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement during the period</link:label>
    <link:label id="rj-i_IncreaseDecreaseLiabilitiesNoncurrent_terseLabel_en" xlink:label="rj-i_IncreaseDecreaseLiabilitiesNoncurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement non-current liabilities</link:label>
    <link:label id="rj-i_IncreaseDecreaseReceivablesNoncurrent_terseLabel_en" xlink:label="rj-i_IncreaseDecreaseReceivablesNoncurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement non-current receivables</link:label>
    <link:label id="rj-i_ProvisionsMovement_terseLabel_en" xlink:label="rj-i_ProvisionsMovement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Movement</link:label>
    <link:label id="rj-i_MergersAcquisitionsNameAcquiree_terseLabel_en" xlink:label="rj-i_MergersAcquisitionsNameAcquiree_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Name of the merged of acquired entity</link:label>
    <link:label id="rj-i_NetResultCashFlow_terseLabel_en" xlink:label="rj-i_NetResultCashFlow_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Net result</link:label>
    <link:label id="rj-i_SegmentReportingNetRevenueAttributableThirdParties_terseLabel_en" xlink:label="rj-i_SegmentReportingNetRevenueAttributableThirdParties_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Net revenue from third parties</link:label>
    <link:label id="rj-i_SegmentReportingNetRevenue_terseLabel_en" xlink:label="rj-i_SegmentReportingNetRevenue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Net revenue</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentNewFinancing_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentNewFinancing_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">New financing</link:label>
    <link:label id="rj-i_OperatingLeasesNominalValueMinimumLeasePayments_terseLabel_en" xlink:label="rj-i_OperatingLeasesNominalValueMinimumLeasePayments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Nominal value of minimal lease payments</link:label>
    <link:label id="rj-i_OperatingResultCashFlow_terseLabel_en" xlink:label="rj-i_OperatingResultCashFlow_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Operating result</link:label>
    <link:label id="rj-i_EquityAdditionsOther_terseLabel_en" xlink:label="rj-i_EquityAdditionsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other additions</link:label>
    <link:label id="rj-i_ProvisionsAdditionsOther_terseLabel_en" xlink:label="rj-i_ProvisionsAdditionsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other additions</link:label>
    <link:label id="rj-i_CashFlowsFinancingActivitiesOther_terseLabel_en" xlink:label="rj-i_CashFlowsFinancingActivitiesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other cash flows</link:label>
    <link:label id="rj-i_CashFlowsInvestingActivitiesOther_terseLabel_en" xlink:label="rj-i_CashFlowsInvestingActivitiesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other cash flows</link:label>
    <link:label id="rj-i_CashFlowsInvestmentActivitiesOther_terseLabel_en" xlink:label="rj-i_CashFlowsInvestmentActivitiesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other cash flows</link:label>
    <link:label id="rj-i_CashFlowsOperatingActivitiesOther_terseLabel_en" xlink:label="rj-i_CashFlowsOperatingActivitiesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other cash flows</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsOther_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other central government subsidies</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentMovementOther_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other changes in value</link:label>
    <link:label id="rj-i_InvestmentResultPerUnitChangesOther_terseLabel_en" xlink:label="rj-i_InvestmentResultPerUnitChangesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other changes per unit</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsOther_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other changes</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundOther_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other changes</link:label>
    <link:label id="rj-i_EquityIncomeOtherAllocation_terseLabel_en" xlink:label="rj-i_EquityIncomeOtherAllocation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other income allocation</link:label>
    <link:label id="rj-i_OperatingIncomeOtherIncomeOther_terseLabel_en" xlink:label="rj-i_OperatingIncomeOtherIncomeOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other income</link:label>
    <link:label id="rj-i_InformationOtherManagementReport_terseLabel_en" xlink:label="rj-i_InformationOtherManagementReport_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other information</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfParticipants_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfParticipants_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other investments</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsMovementOther_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements during the period</link:label>
    <link:label id="rj-i_TechnicalProvisionsOtherMovementOther_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements during the period</link:label>
    <link:label id="rj-i_EquityAssetsLiabilitiesMovementsOther_terseLabel_en" xlink:label="rj-i_EquityAssetsLiabilitiesMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements in assets and liabilities</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsMovementsOther_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesMovementOther_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_GoodwillMovementsOther_terseLabel_en" xlink:label="rj-i_GoodwillMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_IntangibleAssetsMovementsOther_terseLabel_en" xlink:label="rj-i_IntangibleAssetsMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_InvestmentPropertiesMovementsOther_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_NegativeGoodwillMovementsOther_terseLabel_en" xlink:label="rj-i_NegativeGoodwillMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_RealEstateInExploitationMovementsOther_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationMovementsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_ReceivablesFromBanksMovementOther_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersMovementOther_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_ReservesAndFundsMovementOther_terseLabel_en" xlink:label="rj-i_ReservesAndFundsMovementOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other movements</link:label>
    <link:label id="rj-i_PaymentsOtherClassifiedAsInvestmentsActivities_terseLabel_en" xlink:label="rj-i_PaymentsOtherClassifiedAsInvestmentsActivities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other payments</link:label>
    <link:label id="rj-i_OtherReimbursementsPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_OtherReimbursementsPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other reimbursements</link:label>
    <link:label id="rj-i_OperatingIncomeOtherServicesOther_terseLabel_en" xlink:label="rj-i_OperatingIncomeOtherServicesOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other services</link:label>
    <link:label id="rj-i_SubsidyIncomeOther_terseLabel_en" xlink:label="rj-i_SubsidyIncomeOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other subsidies</link:label>
    <link:label id="rj-i_EquityWithdrawalsOther_terseLabel_en" xlink:label="rj-i_EquityWithdrawalsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other withdrawals</link:label>
    <link:label id="rj-i_ProvisionsWithdrawalsOther_terseLabel_en" xlink:label="rj-i_ProvisionsWithdrawalsOther_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Other withdrawals</link:label>
    <link:label id="rj-i_CostsOutsourcedWork_terseLabel_en" xlink:label="rj-i_CostsOutsourcedWork_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Outsourced work</link:label>
    <link:label id="rj-i_RemunerationManagingSupervisoryDirectorsParttimeRate_terseLabel_en" xlink:label="rj-i_RemunerationManagingSupervisoryDirectorsParttimeRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Part-time rate of employment</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsEquity_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsEquity_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Participations</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsLiabilities_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Participations</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersCurrent_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payables to members of the cooperative</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersNonCurrent_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersNonCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payables to members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesPayablesClassifiedAsPayablesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_ReceivablesPayablesClassifiedAsPayablesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payables</link:label>
    <link:label id="rj-i_OperatingLeasesPaymentsDuringPeriod_terseLabel_en" xlink:label="rj-i_OperatingLeasesPaymentsDuringPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payments during the period</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRightsMaturityExceedingFiveYears_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRightsMaturityExceedingFiveYears_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payments to obtain usage rights with a maturity exceeding five years</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRightsMaturityExceedingOneYear_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRightsMaturityExceedingOneYear_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payments to obtain usage rights with a maturity exceeding one year</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRights_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsPaymentsObtainUsageRights_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Payments to obtain usage rights</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsPensionAccrual_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfParticipantsPensionAccrual_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Pension accrual</link:label>
    <link:label id="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundPensionAccrual_terseLabel_en" xlink:label="rj-i_ChangeProvisionPensionObligationsOnBehalfOfPensionFundPensionAccrual_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Pension accrual</link:label>
    <link:label id="rj-i_MergersAcquisitionsPercentageVotingRightsAcquired_terseLabel_en" xlink:label="rj-i_MergersAcquisitionsPercentageVotingRightsAcquired_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Percentage of the voting shares obtained</link:label>
    <link:label id="rj-i_NegativeGoodwillEconomicLife_terseLabel_en" xlink:label="rj-i_NegativeGoodwillEconomicLife_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Period (in months) of release to benefit the income statement</link:label>
    <link:label id="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_DeductedManagementFeesAndOtherFeesPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy deducted management fees and other fees</link:label>
    <link:label id="rj-i_ExpirationCapitalPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_ExpirationCapitalPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy expiration capital</link:label>
    <link:label id="rj-i_ShareBasedPaymentsHedgingGrantedShareOptionsPolicyDescription_terseLabel_en" xlink:label="rj-i_ShareBasedPaymentsHedgingGrantedShareOptionsPolicyDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy for hedging of granted share options</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJPolicy_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVenJPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of central government subsidies relating to Ministry of V&amp;J</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWSPolicy_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsMinistryVWSPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of central government subsidies relating to Ministry of VWS</link:label>
    <link:label id="rj-i_DeferredTaxAssetsCurrentPolicy_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of deferred tax assets</link:label>
    <link:label id="rj-i_DeferredTaxAssetsNoncurrentPolicy_terseLabel_en" xlink:label="rj-i_DeferredTaxAssetsNoncurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of deferred tax assets</link:label>
    <link:label id="rj-i_DonorContributionsPolicy_terseLabel_en" xlink:label="rj-i_DonorContributionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of donations</link:label>
    <link:label id="rj-i_FinancialInstrumentsFairValuePolicy_terseLabel_en" xlink:label="rj-i_FinancialInstrumentsFairValuePolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of fair value</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesCurrentPolicy_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of finance lease liabilities</link:label>
    <link:label id="rj-i_FinanceLeaseLiabilitiesNoncurrentPolicy_terseLabel_en" xlink:label="rj-i_FinanceLeaseLiabilitiesNoncurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of finance lease liabilities</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesInDevelopmentOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investment properties under development</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investment properties</link:label>
    <link:label id="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investment properties</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsBondsMortgagesDebenturesOtherFixedOrVariableInterestSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in bonds, mortgages, debentures and other fixed or variable interest securities</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsDepositsAndSuchOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in deposits and such</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsDerivativesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in derivatives</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsFixedIncomeSecuritiesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed and non-listed investment institutions that invest in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInFixedIncomeSecuritiesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed and non-listed investment institutions that invest in fixed income securities</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed and non-listed investment institutions that invest in shares</link:label>
    <link:label id="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsInstitutionsListedNonListedInvestInSharesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed and non-listed investment institutions that invest in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesListedOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesListedOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesNonListedOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in non-listed shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in shares</link:label>
    <link:label id="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsSharesOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of investments in shares</link:label>
    <link:label id="rj-i_LiabilitiesFinancingSurplusCurrentPolicy_terseLabel_en" xlink:label="rj-i_LiabilitiesFinancingSurplusCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of liabilities relating to financing surplus</link:label>
    <link:label id="rj-i_SubsidyIncomeCentralGovernmentsOtherPolicy_terseLabel_en" xlink:label="rj-i_SubsidyIncomeCentralGovernmentsOtherPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of other central government subsidies</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfParticipantsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPensionFundPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of other investments</link:label>
    <link:label id="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_InvestmentsOtherOnBehalfOfPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of other investments</link:label>
    <link:label id="rj-i_CostsOutsourcedWorkPolicy_terseLabel_en" xlink:label="rj-i_CostsOutsourcedWorkPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of outsourced work</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsEquityPolicy_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsEquityPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of participations</link:label>
    <link:label id="rj-i_ParticipationsClassifiedAsLiabilitiesPolicy_terseLabel_en" xlink:label="rj-i_ParticipationsClassifiedAsLiabilitiesPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of participations</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersCurrentPolicy_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of payables to members of the cooperative</link:label>
    <link:label id="rj-i_PayablesCooperativeMembersNoncurrentPolicy_terseLabel_en" xlink:label="rj-i_PayablesCooperativeMembersNoncurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of payables to members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersCurrentPolicy_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersNoncurrentPolicy_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersNoncurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ChangesValueFinancialAssetsPolicy_terseLabel_en" xlink:label="rj-i_ChangesValueFinancialAssetsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of revaluation of financial assets</link:label>
    <link:label id="rj-i_SubsidyLiabilitiesCurrentPolicy_terseLabel_en" xlink:label="rj-i_SubsidyLiabilitiesCurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of subsidy liabilities</link:label>
    <link:label id="rj-i_SubsidyLiabilitiesNoncurrentPolicy_terseLabel_en" xlink:label="rj-i_SubsidyLiabilitiesNoncurrentPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy of subsidy liabilities</link:label>
    <link:label id="rj-i_OtherReimbursementsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:label="rj-i_OtherReimbursementsPremiumPensionInstitutionsDisclosure_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy other reimbursements</link:label>
    <link:label id="rj-i_OtherReimbursementsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_OtherReimbursementsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy other reimbursements</link:label>
    <link:label id="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy reimbursement activities investments</link:label>
    <link:label id="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy sum of transfer taken pension obligation</link:label>
    <link:label id="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:label="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutionsPolicy_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Policy sum of transfer transferred pension obligations</link:label>
    <link:label id="rj-i_ShareBasedPaymentsGrantedNotYetExercisedPositionDescription_terseLabel_en" xlink:label="rj-i_ShareBasedPaymentsGrantedNotYetExercisedPositionDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Position of granted not yet exercised options</link:label>
    <link:label id="rj-i_DocumentPresentationCurrency_terseLabel_en" xlink:label="rj-i_DocumentPresentationCurrency_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Presentation currency</link:label>
    <link:label id="rj-i_InvestmentsPriceDifferences_terseLabel_en" xlink:label="rj-i_InvestmentsPriceDifferences_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Price differences</link:label>
    <link:label id="rj-i_StaffingLevelTeachingStaff_terseLabel_en" xlink:label="rj-i_StaffingLevelTeachingStaff_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Primary staff / teaching staff</link:label>
    <link:label id="rj-i_ProvisionsWithdrawalsProfitSharingAllocatedToTechnicalProvisions_terseLabel_en" xlink:label="rj-i_ProvisionsWithdrawalsProfitSharingAllocatedToTechnicalProvisions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Profit sharing allocated to technical provisions</link:label>
    <link:label id="rj-i_TradeReceivablesProvisionBadDebts_terseLabel_en" xlink:label="rj-i_TradeReceivablesProvisionBadDebts_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Provision bad debts</link:label>
    <link:label id="rj-i_OffBalanceSheetCommitmentsPurchaseCommitmentsDescription_terseLabel_en" xlink:label="rj-i_OffBalanceSheetCommitmentsPurchaseCommitmentsDescription_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Purchase commitments</link:label>
    <link:label id="rj-i_PurchasesAndAcquisitionsExpenses_terseLabel_en" xlink:label="rj-i_PurchasesAndAcquisitionsExpenses_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Purchases and acquisitions</link:label>
    <link:label id="rj-i_RelatedPartyConsolidationRate_terseLabel_en" xlink:label="rj-i_RelatedPartyConsolidationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Rate of consolidation</link:label>
    <link:label id="rj-i_RelatedPartyParticipationRate_terseLabel_en" xlink:label="rj-i_RelatedPartyParticipationRate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Rate of participation</link:label>
    <link:label id="rj-i_InventoriesRealisableValue_terseLabel_en" xlink:label="rj-i_InventoriesRealisableValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Realisable value</link:label>
    <link:label id="rj-i_IncomeFromRealisedPriceGainsLosses_terseLabel_en" xlink:label="rj-i_IncomeFromRealisedPriceGainsLosses_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Realised price gains and losses</link:label>
    <link:label id="rj-i_RevaluationReserveRealisedRevaluationsThroughHedgedAssetsLiabilities_terseLabel_en" xlink:label="rj-i_RevaluationReserveRealisedRevaluationsThroughHedgedAssetsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Realised revaluations through hedged assets and liabilities</link:label>
    <link:label id="rj-i_RevaluationReserveRealisedRevaluationsThroughIncomeStatement_terseLabel_en" xlink:label="rj-i_RevaluationReserveRealisedRevaluationsThroughIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Realised revaluations through the income statement</link:label>
    <link:label id="rj-i_RevaluationReserveRealisedRevaluationsThroughOtherReserves_terseLabel_en" xlink:label="rj-i_RevaluationReserveRealisedRevaluationsThroughOtherReserves_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Realised revaluations through the other reserves</link:label>
    <link:label id="rj-i_FinancialReportingPeriodDifferentThanAnnualReason_terseLabel_en" xlink:label="rj-i_FinancialReportingPeriodDifferentThanAnnualReason_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reason for deviation</link:label>
    <link:label id="rj-i_ReceivablesFromBanksReceiptsAfterWriteOffs_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksReceiptsAfterWriteOffs_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receipts after write-offs</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersReceiptsAfterWriteOffs_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersReceiptsAfterWriteOffs_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receipts after write-offs</link:label>
    <link:label id="rj-i_OperatingLeasesSubLeaseReceipts_terseLabel_en" xlink:label="rj-i_OperatingLeasesSubLeaseReceipts_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receipts from sub-lease payments</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersCurrent_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersCurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesCooperativeMembersNoncurrent_terseLabel_en" xlink:label="rj-i_ReceivablesCooperativeMembersNoncurrent_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receivables from members of the cooperative</link:label>
    <link:label id="rj-i_ReceivablesPayablesClassifiedAsReceivablesOnBehalfOfPensionFund_terseLabel_en" xlink:label="rj-i_ReceivablesPayablesClassifiedAsReceivablesOnBehalfOfPensionFund_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Receivables</link:label>
    <link:label id="rj-i_SubsidyIncomeReceivedBeforeReportingPeriod_terseLabel_en" xlink:label="rj-i_SubsidyIncomeReceivedBeforeReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Received before the reporting period</link:label>
    <link:label id="rj-i_SubsidyIncomeReceivedDuringReportingPeriod_terseLabel_en" xlink:label="rj-i_SubsidyIncomeReceivedDuringReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Received during reporting period</link:label>
    <link:label id="rj-i_SubsidyIncomeReceivedUpToAndIncludingReportingPeriod_terseLabel_en" xlink:label="rj-i_SubsidyIncomeReceivedUpToAndIncludingReportingPeriod_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Received up to and including reporting period</link:label>
    <link:label id="rj-i_RealEstateInExploitationReclassificationsRealEstateSoldSubjectTermsConditions_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationReclassificationsRealEstateSoldSubjectTermsConditions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reclassifications from and to real estate sold subject to terms and conditions</link:label>
    <link:label id="rj-i_InvestmentsRedemptions_terseLabel_en" xlink:label="rj-i_InvestmentsRedemptions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Redemptions</link:label>
    <link:label id="rj-i_RelatedPartyRegisteredOffice_terseLabel_en" xlink:label="rj-i_RelatedPartyRegisteredOffice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Registered office</link:label>
    <link:label id="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_ReimbursementActivitiesInvestmentsPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reimbursement activities investments</link:label>
    <link:label id="rj-i_ReceivablesFromBanksReleaseDueToChangesInValue_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksReleaseDueToChangesInValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release due to changes in value of receivables</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersReleaseDueToChangesInValue_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersReleaseDueToChangesInValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release due to changes in value of receivables</link:label>
    <link:label id="rj-i_NegativeGoodwillReleaseIncomeStatementNotFutureRelated_terseLabel_en" xlink:label="rj-i_NegativeGoodwillReleaseIncomeStatementNotFutureRelated_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release to benefit the income statement that is not future related</link:label>
    <link:label id="rj-i_NegativeGoodwillReleaseIncomeStatement_terseLabel_en" xlink:label="rj-i_NegativeGoodwillReleaseIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release to benefit the income statement</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesRelease_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesRelease_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release</link:label>
    <link:label id="rj-i_ProvisionsRelease_terseLabel_en" xlink:label="rj-i_ProvisionsRelease_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsRelease_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsRelease_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release</link:label>
    <link:label id="rj-i_ReservesAndFundsRelease_terseLabel_en" xlink:label="rj-i_ReservesAndFundsRelease_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release</link:label>
    <link:label id="rj-i_TechnicalProvisionsOtherRelease_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherRelease_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Release</link:label>
    <link:label id="rj-i_IntangibleAssetsIndividualAssetOfImportanceRemainingLife_terseLabel_en" xlink:label="rj-i_IntangibleAssetsIndividualAssetOfImportanceRemainingLife_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Remaining life</link:label>
    <link:label id="rj-i_LiabilitiesRepaymentDate_terseLabel_en" xlink:label="rj-i_LiabilitiesRepaymentDate_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Repayment date</link:label>
    <link:label id="rj-i_LiabilitiesNoncurrentRepayments_terseLabel_en" xlink:label="rj-i_LiabilitiesNoncurrentRepayments_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Repayments</link:label>
    <link:label id="rj-i_FinancialReportingPeriodDifferentThanAnnualStatus_terseLabel_en" xlink:label="rj-i_FinancialReportingPeriodDifferentThanAnnualStatus_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reporting period different than annual</link:label>
    <link:label id="rj-i_FinanceLeasesResidualValue_terseLabel_en" xlink:label="rj-i_FinanceLeasesResidualValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Residual value of lease objects</link:label>
    <link:label id="rj-i_SegmentReportingResultForTheYear_terseLabel_en" xlink:label="rj-i_SegmentReportingResultForTheYear_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Result for the year</link:label>
    <link:label id="rj-i_InvestmentPropertiesChangesInFairValue_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesChangesInFairValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Result from changes in fair value</link:label>
    <link:label id="rj-i_RealEstateInExploitationResultChangesInMarketValue_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationResultChangesInMarketValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Result from changes in market value</link:label>
    <link:label id="rj-i_AgriculturalInventoriesCurrentValueRevaluation_terseLabel_en" xlink:label="rj-i_AgriculturalInventoriesCurrentValueRevaluation_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluation of agricultural inventories</link:label>
    <link:label id="rj-i_ChangesValueFinancialAssets_terseLabel_en" xlink:label="rj-i_ChangesValueFinancialAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluation of financial assets</link:label>
    <link:label id="rj-i_RevaluationReserveRevaluationsThroughHedgedAssetsLiabilities_terseLabel_en" xlink:label="rj-i_RevaluationReserveRevaluationsThroughHedgedAssetsLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations through hedged assets and liabilities</link:label>
    <link:label id="rj-i_RevaluationReserveRevaluationsThroughIncomeStatement_terseLabel_en" xlink:label="rj-i_RevaluationReserveRevaluationsThroughIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations through the income statement</link:label>
    <link:label id="rj-i_RevaluationReserveRevaluationsThroughOtherReserves_terseLabel_en" xlink:label="rj-i_RevaluationReserveRevaluationsThroughOtherReserves_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations through the other reserves</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsRevaluations_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesRevaluations_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations</link:label>
    <link:label id="rj-i_InvestmentsRevaluations_terseLabel_en" xlink:label="rj-i_InvestmentsRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations</link:label>
    <link:label id="rj-i_ReservesAndFundsRevaluations_terseLabel_en" xlink:label="rj-i_ReservesAndFundsRevaluations_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revaluations</link:label>
    <link:label id="rj-i_EquityReversalAdditionsThroughRevaluationReserve_terseLabel_en" xlink:label="rj-i_EquityReversalAdditionsThroughRevaluationReserve_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of additions through revaluation reserve</link:label>
    <link:label id="rj-i_ProvisionsReversalAdditionsThroughRevaluationReserve_terseLabel_en" xlink:label="rj-i_ProvisionsReversalAdditionsThroughRevaluationReserve_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of additions through revaluation reserve</link:label>
    <link:label id="rj-i_ImpairmentAssetsNoncurrentReversal_terseLabel_en" xlink:label="rj-i_ImpairmentAssetsNoncurrentReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentFinancialAssetsReversalRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentFinancialAssetsReversalRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentFinancialAssetsReversal_terseLabel_en" xlink:label="rj-i_ImpairmentFinancialAssetsReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentIntangibleAssetsReversalRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentIntangibleAssetsReversalRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentIntangibleAssetsReversal_terseLabel_en" xlink:label="rj-i_ImpairmentIntangibleAssetsReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentPropertyPlantEquipmentReversalRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentPropertyPlantEquipmentReversalRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentPropertyPlantEquipmentReversal_terseLabel_en" xlink:label="rj-i_ImpairmentPropertyPlantEquipmentReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_ImpairmentSecuritiesReversalRecordedInIncomeStatement_terseLabel_en" xlink:label="rj-i_ImpairmentSecuritiesReversalRecordedInIncomeStatement_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_InvestmentPropertiesImpairmentReversal_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesImpairmentReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment</link:label>
    <link:label id="rj-i_CapitalisedAcquisitionCostsImpairmentsReversal_terseLabel_en" xlink:label="rj-i_CapitalisedAcquisitionCostsImpairmentsReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of impairments</link:label>
    <link:label id="rj-i_InventoriesWriteDownReversal_terseLabel_en" xlink:label="rj-i_InventoriesWriteDownReversal_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Reversal of write down</link:label>
    <link:label id="rj-i_EquityRevisionsDecisionProfitSharing_terseLabel_en" xlink:label="rj-i_EquityRevisionsDecisionProfitSharing_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revisions of decision for profit sharing</link:label>
    <link:label id="rj-i_ProvisionRevisionsDecisionProfitSharing_terseLabel_en" xlink:label="rj-i_ProvisionRevisionsDecisionProfitSharing_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Revisions of decision for profit sharing</link:label>
    <link:label id="rj-i_InvestmentsSales_terseLabel_en" xlink:label="rj-i_InvestmentsSales_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Sales</link:label>
    <link:label id="rj-i_StaffingLevelScientificStaff_terseLabel_en" xlink:label="rj-i_StaffingLevelScientificStaff_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Scientific staff</link:label>
    <link:label id="rj-i_RelatedPartySeverallyLiableForLiabilities_terseLabel_en" xlink:label="rj-i_RelatedPartySeverallyLiableForLiabilities_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Severally liable (Y/N)</link:label>
    <link:label id="rj-i_FinancialAssetsShareInResultParticipatingInterests_terseLabel_en" xlink:label="rj-i_FinancialAssetsShareInResultParticipatingInterests_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Share in result of participating interests</link:label>
    <link:label id="rj-i_FinancingDeficitSurplusToBeSettledInRatesStageOfAdoption_terseLabel_en" xlink:label="rj-i_FinancingDeficitSurplusToBeSettledInRatesStageOfAdoption_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Stage of adoption</link:label>
    <link:label id="rj-i_IntangibleAssetsAmortisationRateRangeStart_terseLabel_en" xlink:label="rj-i_IntangibleAssetsAmortisationRateRangeStart_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Start of the range of the amortisation rate</link:label>
    <link:label id="rj-i_InvestmentPropertiesDepreciationRateRangeStart_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesDepreciationRateRangeStart_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Start of the range of the depreciation rate</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentDepreciationRateRangeStart_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentDepreciationRateRangeStart_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Start of the range of the depreciation rate</link:label>
    <link:label id="rj-i_SubsequentEventsManagementReport_terseLabel_en" xlink:label="rj-i_SubsequentEventsManagementReport_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsequent events</link:label>
    <link:label id="rj-i_InvestmentPropertiesAdditionsSubsequentExpenditures_terseLabel_en" xlink:label="rj-i_InvestmentPropertiesAdditionsSubsequentExpenditures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsequent expenditures</link:label>
    <link:label id="rj-i_RealEstateInExploitationAdditionsSubsequentExpenditures_terseLabel_en" xlink:label="rj-i_RealEstateInExploitationAdditionsSubsequentExpenditures_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsequent expenditures</link:label>
    <link:label id="rj-i_SubsidiesAndContributionsExpenses_terseLabel_en" xlink:label="rj-i_SubsidiesAndContributionsExpenses_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsidies and contributions</link:label>
    <link:label id="rj-i_SubsidyIncomeKNAW_terseLabel_en" xlink:label="rj-i_SubsidyIncomeKNAW_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsidy income from KNAW</link:label>
    <link:label id="rj-i_SubsidyIncomeNWO_terseLabel_en" xlink:label="rj-i_SubsidyIncomeNWO_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Subsidy income from NWO</link:label>
    <link:label id="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_SumOfTransferTakenPensionObligationsPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Sum of transfer taken pension obligations</link:label>
    <link:label id="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutions_terseLabel_en" xlink:label="rj-i_SumOfTransferTransferredPensionObligationsPremiumPensionInstitutions_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Sum of transfer transferred pension obligations</link:label>
    <link:label id="rj-i_StaffingLevelOtherEmployees_terseLabel_en" xlink:label="rj-i_StaffingLevelOtherEmployees_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Supporting staff / other employees</link:label>
    <link:label id="rj-i_EquityInvestmentsSurplusShortfallValue_terseLabel_en" xlink:label="rj-i_EquityInvestmentsSurplusShortfallValue_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Surplus or shortfall in value of investments</link:label>
    <link:label id="rj-i_RevaluationReserveChangeAccountingPoliciesTaxImpact_terseLabel_en" xlink:label="rj-i_RevaluationReserveChangeAccountingPoliciesTaxImpact_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Tax impact of change in accounting policies</link:label>
    <link:label id="rj-i_RevaluationReserveRealisedRevaluationsTaxImpact_terseLabel_en" xlink:label="rj-i_RevaluationReserveRealisedRevaluationsTaxImpact_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Tax impact of realised revaluations</link:label>
    <link:label id="rj-i_EquityTaxes_terseLabel_en" xlink:label="rj-i_EquityTaxes_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Taxes allocation</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentBookValueTemporarilyInactiveAssets_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentBookValueTemporarilyInactiveAssets_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Temporarily inactive property, plant and equipment</link:label>
    <link:label id="rj-i_ConditionalAcquisitionPurchasePrice_terseLabel_en" xlink:label="rj-i_ConditionalAcquisitionPurchasePrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">The conditional purchase price</link:label>
    <link:label id="rj-i_AcquisitionPurchasePrice_terseLabel_en" xlink:label="rj-i_AcquisitionPurchasePrice_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">The purchase price</link:label>
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    <link:label id="rj-i_TechnicalProvisionsOtherUsage_terseLabel_en" xlink:label="rj-i_TechnicalProvisionsOtherUsage_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Usage</link:label>
    <link:label id="rj-i_PropertyPlantEquipmentEconomicLife_terseLabel_en" xlink:label="rj-i_PropertyPlantEquipmentEconomicLife_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Usefull life (in months)</link:label>
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    <link:label id="rj-i_EquityWithdrawals_terseLabel_en" xlink:label="rj-i_EquityWithdrawals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Withdrawals</link:label>
    <link:label id="rj-i_FoundationCapitalAndReservesWithdrawals_terseLabel_en" xlink:label="rj-i_FoundationCapitalAndReservesWithdrawals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Withdrawals</link:label>
    <link:label id="rj-i_ProvisionsWithdrawals_terseLabel_en" xlink:label="rj-i_ProvisionsWithdrawals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Withdrawals</link:label>
    <link:label id="rj-i_ReservesAndFundsWithdrawals_terseLabel_en" xlink:label="rj-i_ReservesAndFundsWithdrawals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Withdrawals</link:label>
    <link:label id="rj-i_InventoriesWriteDown_terseLabel_en" xlink:label="rj-i_InventoriesWriteDown_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Write down</link:label>
    <link:label id="rj-i_GoodwillWriteOffDueToDisposals_terseLabel_en" xlink:label="rj-i_GoodwillWriteOffDueToDisposals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Write-offs due to disposals</link:label>
    <link:label id="rj-i_NegativeGoodwillWriteOffDueToDisposals_terseLabel_en" xlink:label="rj-i_NegativeGoodwillWriteOffDueToDisposals_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Write-offs due to disposals</link:label>
    <link:label id="rj-i_ReceivablesFromBanksWriteOffs_terseLabel_en" xlink:label="rj-i_ReceivablesFromBanksWriteOffs_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Write-offs</link:label>
    <link:label id="rj-i_ReceivablesFromCustomersWriteOffs_terseLabel_en" xlink:label="rj-i_ReceivablesFromCustomersWriteOffs_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Write-offs</link:label>
    <link:label id="rj-i_ReinsurancePartTechnicalProvisionsYieldedInterest_terseLabel_en" xlink:label="rj-i_ReinsurancePartTechnicalProvisionsYieldedInterest_terseLabel_en" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Yielded interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_AcquisitionEstimateFairValueIdentifiableAssetsLiabilitiesDescription_loc" xlink:to="rj-i_AcquisitionEstimateFairValueIdentifiableAssetsLiabilitiesDescription_terseLabel_en" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_AdditionsAcquisitionsClassifiedAsInvestingActivities_loc" xlink:to="rj-i_AdditionsAcquisitionsClassifiedAsInvestingActivities_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_AgriculturalInventoriesCurrentValueRevaluation_loc" xlink:to="rj-i_AgriculturalInventoriesCurrentValueRevaluation_terseLabel_en" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_BondsOtherFixedIncomeSecuritiesAccumulatedDepreciationImpairments_loc" xlink:to="rj-i_BondsOtherFixedIncomeSecuritiesAccumulatedDepreciationImpairments_terseLabel_en" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsAdditions_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsAdditions_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsAmortisation_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsAmortisation_terseLabel_en" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsDivestitures_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsDivestitures_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsExchangeDifferences_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsExchangeDifferences_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsImpairmentsReversal_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsImpairmentsReversal_terseLabel_en" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsMovement_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsMovement_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsMovementsOther_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsMovementsOther_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CapitalisedAcquisitionCostsRevaluations_loc" xlink:to="rj-i_CapitalisedAcquisitionCostsRevaluations_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CashAndCashEquivalentsCashFlow_loc" xlink:to="rj-i_CashAndCashEquivalentsCashFlow_terseLabel_en" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="rj-i_CashFlowsFinancingActivitiesOther_loc" xlink:to="rj-i_CashFlowsFinancingActivitiesOther_terseLabel_en" xlink:type="arc"/>
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