Foreign Banks In Japan Tap FX, Derivatives Markets

- By FX Markets Staff
- @FXMarkets_
- 08 Mar 1993

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Foreign banks in Japan are stepping up their efforts to tap lucrative foreign exchange and derivatives business at a time when many of their Japanese rivals are struggling. The one bright spot for some of the big city banks in Tokyo appears to be European currency trading.

The dismal news for the major Japanese banks will be confirmed by a series of poor results in the upcoming reporting season for fiscal 1992, say expatriate bankers in Tokyo. Each of the 11 major Tokyo banks carries on its books

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