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 markets division.
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“At the moment we’re at about 400 billion yen, but I’d like t… [1569 chars]
Source: Reuters | Published: 2026-06-04T00:48:02Z
Credit: Reuters
