Japanese Banks Dominate Tokyo; While Tokyo-Mitsubishi Voted Tops

FX WEEK/SYNTEGRA AWARDS

Foreign banks did not manage to crack the tight ring formed by domestic banks in Tokyo, which dominated the FX Week/Syntegra Best Banks in FX Awards for 1997. The Bank of Tokyo-Mitsubishi led the field for both the best FX bank in Tokyo category and the best bank for dollar/yen trading overall, scooping both sections for the third year running.

Makoto Miyazaki, chief manager of the foreign exchange department at Tokyo-Mitsubishi, says: "We're very honoured to be chosen as the best FX bank in