Japanese banks set to expand overseas forex presence
NEWS
Mitsubishi said its recent financial recovery was encouraging it to build FX capabilities in foreign markets. "We've recovered in recent years and have started expanding into promising markets like China," said a spokesman at Mitsubishi in Tokyo. "It's time to regain a strong global presence, which definitely includes expanding the FX side."
Mizuho also is set to expand its forex capabilities in the autumn, with the introduction of renminbi transactions with Chinese firms. Previously, its FX
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