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2 weeks ago | 
news.bloombergtax.com | Lisa Du |Ambereen Choudhury |Takashi Nakamichi
How hard is it to hire bankers in Japan? A Wall Street firm cornered a job applicant in a room for two hours to persuade them to join. Some Japanese lenders are refusing to let staffers resign, and banks are holding parties for former employees to lure them back. These are just a few of the scenes playing out in one of the world’s tightest labor markets as financial firms resort to extreme measures to find and keep talent.
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2 weeks ago | 
bloomberg.com | Lisa Du |Ambereen Choudhury |Takashi Nakamichi
How hard is it to hire bankers in Japan? A Wall Street firm cornered a job applicant in a room for two hours to persuade them to join. Some Japanese lenders are refusing to let staffers resign, and banks are holding parties for former employees to lure them back.
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2 weeks ago | 
news.bloomberglaw.com | Lisa Du |Ambereen Choudhury |Takashi Nakamichi
How hard is it to hire bankers in Japan? A Wall Street firm cornered a job applicant in a room for two hours to persuade them to join. Some Japanese lenders are refusing to let staffers resign, and banks are holding parties for former employees to lure them back. These are just a few of the scenes playing out in one of the world’s tightest labor markets as financial firms resort to extreme measures to find and keep talent.
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2 weeks ago | 
flipboard.com | Lisa Du |Ambereen Choudhury |Takashi Nakamichi
5 hours agoGoldman Sachs makes a shocking prediction on inflationWall Street giant raises crypto stake ahead of inflation report; analysts warn Bitcoin faces key test. In light of the May Consumer Price Index (CPI) …5 hours ago$100 Trillion Crypto Boom?
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1 month ago | 
news.bloombergtax.com | Nao Sano |Takashi Nakamichi
Japan’s biggest life insurer said unrealized losses on its domestic bond holdings more than tripled last fiscal year as rising interest rates undercut the value of its portfolio. Nippon Life Insurance Co., which last month outlined plans to reduce its holdings of sovereign debt, said on Friday that paper losses on Japanese bonds swelled to about ¥3.6 trillion ($25 billion) as of March.
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1 month ago | 
bloomberg.com | Nao Sano |Takashi Nakamichi
The Nippon Life Marunouchi Building, which houses the Nippon Life Insurance Co. Tokyo headquarters. (Bloomberg) -- Japan’s biggest life insurer said unrealized losses on its domestic bond holdings more than tripled last fiscal year as rising interest rates undercut the value of its portfolio.
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1 month ago | 
flipboard.com | Nao Sano |Takashi Nakamichi
People blame gun violence on different things depending on their political leanings. But Jens Ludwig, an economist at the University of Chicago, has found a different reason behind it. Today, we bring you a story on solutions to gun violence.
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1 month ago | 
chicagobusiness.com | Takashi Nakamichi |Bei Hu
A talent war is intensifying in the yen rates space, as banks and hedge funds snap up seasoned traders after the biggest market swings in years inflicted widespread losses. Some market players are offering multi-million dollar packages to lure yen rates traders, following a sudden Trump-inflicted selloff which drove Japan’s bond yields to a two-decade high. The flurry of new hires builds on a spate of recruitments that began before the central bank started raising interest rates last year.
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1 month ago | 
bloomberg.com | Takashi Nakamichi |Bei Hu
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Japan is scheduled to release its fourth-quarter gross domestic product (GDP) figures on Feb. 17. Photographer: Kiyoshi Ota/Bloomberg(Bloomberg) -- A talent war is intensifying in the yen rates space, as banks and hedge funds snap up seasoned traders after the biggest market swings in years inflicted widespread losses.
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2 months ago | 
bloomberg.com | Takashi Nakamichi |Bei Hu |William Shaw
An electronic stock board displays the rate of the yen against the US dollar in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg(Bloomberg) -- Balyasny Asset Management hired one of the top yen rates portfolio managers, Ron Choy, offering him a roughly $30 million package amid widespread pain in the Japanese bond market, according to people familiar with the matter.
