Japan Bank Hiring in New York as Negative-Yield Funding on Offer

  • May hire 10 more bankers, boost dollar bond specialists
  • U.S. currency debt underwriting by top 3 Japan lenders surges

Top-rated Japanese issuers can get paid to borrow funds in the U.S. after currency swaps are used, adding to the business Sumitomo Mitsui Financial Group Inc. is chasing by hiring in New York.

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