Japanese Banks Post Improved FY1994 Forex Trading Revenues
BANKS
Foreign exchange earnings at the largest Japanese banks generally improved during the 1994 fiscal year ended March 31, with favourable conditions prevailing during the latter half of the year, bank officials say. Bank of Tokyo (BoT) posted annual FX gains far ahead of those of its Japanese competitors (and most of its international competitors as well), reporting some $644.7 million in revenues.
The figures in the accompanying table include earnings from both overseas and domestic branches and
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