BTM top in Japanese FX

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TOKYO -- Bank of Tokyo-Mitsubishi (BTM) has easily retained its position at the top of the Japanese ranking for FX trading profits for fiscal year 2000. But, analysts said the bank may face increasing competition from other domestic banks’ merging FX operations as the industry consolidates, and from international players as recent banking reforms take effect.

Bank of Tokyo-Mitsubishi scored a 33% increase in its FX trading profits in 2000 to ¥83.3 billion ($660 million), the bank announced l