Japanese Banks Report Lower FX Revenues For First Fiscal Half Year
BANKS
Japanese banks reported generally lower first fiscal half-year foreign exchange earnings compared to year-ago levels. Bank of Tokyo (BoT) remains at the top of the Tokyo city banks, which reported earnings late last year for the period ended September 29.
The earnings were converted into U.S. dollars using the Tokyo fixing rate of September 29 at 99.10 yen. The FX earnings represent gains from trading in spot, forwards, FX swaps and FX options, as well as income from both the banks' international
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