- US bank wants to overtake Nomura as nation’s top broker
- Speculation over Japan scrapping negative rates boosts trading
Morgan Stanley said it expects to record its highest-ever income from Japan as bets on a shift in the nation’s monetary policy fuel a trading revival.
The Bank of Japan’s steps toward loosening its grip on bond yields over recent quarters have helped enliven the fixed income market, Alberto Tamura, chief executive officer of the Wall Street firm’s majority-owned joint venture with Mitsubishi UFJ Financial Group Inc., said in an interview. If the central bank proceeds to scrap negative interest rates in place since 2016 it could spur even more client activity, he said.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.