Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding love
In a country where top executives traditionally earn far less than those in the US and Europe, traders and investment bankers are expected to accept lower compensation as strict labor laws also make them more difficult to fire. The lower pay is in stark contrast to the optimism about Japan’s economic outlook as the country exits deflation. Warren Buffett has been bullish about the country this year, signaling he may increase his stakes in Japan’s five trading companies over the longer term.
Deal volumes in January and February look favorable, he said. Japan-related deals accounted for 22% of Asia’s entire transaction volumes for 2023, the highest in four years, according to data compiled by Bloomberg. In one of the biggest deals in the country last year, Toshiba Corp. was taken private in September in a ¥2 trillion buyout.
Japan’s Nikkei 225 index hit a record earlier this year. There are hopes that this will lift pay since the equity market boom has been a huge money spinner for the local brokerages such as Nomura Holdings Inc., as well as international banks that get orders from institutional customers abroad. Foreign banks often view the amount of cash that Japanese keep in savings accounts as an opportunity to invest in other assets, according to Sayuri Shirai, a professor of economics at Tokyo’s Keio University and a former BOJ monetary policy board member. That is misreading the culture, she said.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »