BTM top in Japanese FX
Last week the firm reported revenues from FX trading of ¥65 billion ($550 million) for 2002, up from ¥63 billion ($461 million at year-end 2002 dollar rates) the previous year. Given the Japanese economy's continued weakness, the result represented a healthy performance, Takashi Kimori, deputy general manager of BTM's FX and treasury division in Tokyo, told FX Week.
"The result was rather good considering the sluggishness of the Japanese economy," he said.
According to Kimori, the increase was
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