MUFG: Covid response could spur e-FX shift in Japan

FX head says operational agility during pandemic could lead to greater electronification

Naoto Nakamura
Naoto Nakamura, MUFG

In Japan, before Covid-19 arrived on the scene, if you wanted to trade the foreign exchange markets you had to turn up at the office. The country’s megabanks and many other financial institutions operated within a culture where being physically present was as important as the amount of work done. They simply didn’t allow trading from home.

But that all changed post-March, when organisations had no choice but to give their traders the option of homeworking. At the height of the crisis roughly 70

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