Goldman’s Japan Revenue Hits 15-Year High as Foreign Banks Shine

Goldman Sachs Group Inc. generated its highest revenue from Japan in more than a decade, leading a bumper year for global banks as they sought to capitalize on the country’s financial-market rebound.

Net revenue at Goldman Sachs’s local brokerage arm rose 10% to ¥125.5 billion ($800 million) in the 12 months to Dec. 31, the best showing in 15 years, spurred by securities trading business. The US firm also led peers in net income, even though it fell slightly as costs grew, according to filings.