BNP Paribas is boosting its forex business in Tokyo

Discussion in 'Forex Brokers' started by clauswitz, Mar 20, 2006.

  1. http://asia.news.yahoo.com/060317/3/2hick.html
    BNP Paribas to boost forex business in Japan
    TOKYO, March 17 (Reuters) - BNP Paribas is boosting its forex business in Tokyo again, four years after it closed down its currency trading desk in the Japanese capital, the French bank said on Friday.
    It is initially hiring about 10 staff in Japan this year to enhance yen-related business as the Japanese economy recovers.

    "We'd like to reinforce our yen-related business and also to expand our business with Japanese corporates," said Koichi Fukumura, head of the fixed-income department at BNP Paribas Bank's Tokyo Branch.

    The bank will have more staff than it did in 2002, when it shifted its currency trading operation to Singapore, he said