‘Top Gun’ Traders Who Survived the 1980s Are Now Must-Have Hires in Japan
- Concordia chief says few staff have experienced rate hikes
- Will rebuild $21 billion portfolio after selling foreign bonds
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Japan’s interest rates have been grounded for 30 years. Now one bank is seeking people with 1980s-era experience akin to aviator Pete “Maverick” Mitchell to navigate their take-off.
While it may be a stretch to liken regional banking to the dogfighting of Tom Cruise’s Top Gun character, that’s exactly how Tatsuya Kataoka describes his bank’s challenges in anticipation of borrowing costs finally rising in coming years.