Japan

BEST BANK
Bank of Tokyo-Mitsubishi

BEST EQUITY HOUSE
Nomura Securities

BEST DEBT HOUSE
Mizuho Securities

BEST M&A HOUSE
Morgan Stanley

Japan’s economy continues its slow path to recovery, but the domestic banking sector continues to limp along with little sign of meaningful restructuring save for government-directed mergers. In a bleak domestic banking sector, Bank of Tokyo-Mitsubishi, part of the Mitsubishi Tokyo Financial Group, shows some of the more encouraging signs of financial health and wins the best bank in Japan award on this merit alone.