No turning back for Japanese banks
Yutaka Matsumoto brought an unusual memento back from the Philippines to his office at Bank of Tokyo-Mitsubishi (BoT-M) in early July: the original press release announcing the effective devaluation of the peso, signed in red ink by president Fidel Ramos of the Philippines.
Matsumoto, general manager of BoT-M’s Asia and Oceania division was present at an economic briefing given by Ramos. The announcement interrupted proceedings, and Matsumoto acquired his souvenir.
A week later Matsumoto was in Tokyo.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
