FX volumes executed by Japanese banks have shown a marked improvement in recent years. The biggest improvers in market share in Euromoney’s FX survey this year were Nomura and Mizuho Financial Group, registering increases of 97% and 68% respectively. That saw Nomura rise four places to 14th and Mizuho rise 11 places to 23rd. This rapid improvement is due to one dominant factor: doing more business with real money clients.
Nomura and Mizuho were the stand-outs, but this is the trend across all the nation’s banks, Euromoney market data shows.
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