The wave of mergers and acquisitions by Japanese companies has produced the biggest winner! JP Morgan's profits in Japan hit a 7-year high
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JPMorgan Chase's net profit in the Japanese market reached a seven-year high of 45.6 billion yen, mainly benefiting from a merger and acquisition boom triggered by corporate governance reforms. The bank's merger and acquisition consulting and underwriting business surged, reversing the decline of the previous year. Meanwhile, Morgan Stanley and BNP Paribas saw their profits decline due to market volatility and a drop in commissions. After the Bank of Japan raised interest rates, market volatility intensified, significantly boosting trading activity
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