SMFG
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SMFG aims to double sales and trading revenue to $5 billion, markets head says
SMFG aims to double sales and trading revenue to $5 billion, markets head says TOKYO, June 4 : Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals. Rising interest rates, currency swings and record stock prices in Japan are driving demand for trading products, said Arihiro Nagata, head of SMFG's global...
BOJ should signal clear rate path after June hike, SMFG markets chief says
BOJ should signal clear rate path after June hike, SMFG markets chief says TOKYO, June 2 : The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's global markets chief, Arihiro Nagata, told Reuters. The call for clearer guidance from Japan's second-largest banking group comes as the 10-year government bond yield has hit 30-year highs, while the yen has weakened back...