BTM lead in Japanese forex slipping
BTM, which is part of Mitsubishi Tokyo Financial Group, did suffer a ¥9.4 billion drop in forex revenues, however, compared with the same period last year. Takashi Kimori, deputy general manager in the forex and treasury department, attributed this to a lack of volatility in the forex markets during the six-month period from April 1 to September 30. "The market was calm and the movement was confined in a narrow range," he said. "Customer activity was very low."
The yen started the fiscal year at
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