BNP Paribas - Said getting bigger in Japan

Sunset in Tokyo, Japan

Japan’s negative interest rates are turning into a positive in BNP Paribas’s eyes, as it joins other European banks in strengthening its markets business in the nation.

Bloomberg New reports that the bank has hired about 30 people in Tokyo since January in areas such as sales of structured products, and it plans to recruit more this year, people with knowledge of the matter said, asking not to be identified because the undertaking is confidential.

Rock-bottom interest rates in Japan have led institutions to seek investments with better returns than assets such as government bonds. Barclays, which has added 30 people in Tokyo in the past 12 months, is planning to hire more than 10 investment bankers and sales staff this fiscal year, partly to sell investment products to banks and hedge funds.

Hit the link below to access the complete Bloomberg News article:

BNP Paribas Expands Japan Operations With 30 New Recruits

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