Wall Street banks are battling for Japan’s top young talent #shorts

Wall Street banks are battling for Japan’s top young talent #shorts

Bankers from Hong Kong to London have been hit by pay cuts and layoffs as the global economy contracts. But in Japan, there’s a hiring boom. So, I think several factors are coming together at the same time to create this perfect storm. The Japanese market is interesting again because inflation is back. Money is very easy to borrow. uh there’s a weak yen leading now to a surge in trading for Japanese government bonds, Japanese stocks um and also a burst in foreign investment and this is coming after years of Japan kind of playing second in Asia to China and so these banks haven’t really looked at Japan for many years and are now realizing they need to build up the business. So now international banks, Wall Street banks included, are all kind of, you know, racing in Japan to take advantage of the market renaissance that’s happening. This is the big take Asia from Bloomberg News. Today in the show, Wall Street’s talent war in Japan and why a pivot there could be a bumpy road ahead.

Japan’s hottest banking talent is in high demand as Wall Street goes all out to woo new hires with fancy dinners, strong-arm tactics and higher salaries.
On this episode of the Big Take Asia podcast, we unpack why firms are resorting to extreme measures and the problems they face in hiring top talent https://trib.al/E8lNpYT