Japanese investment banks are taking advantage of a deal boom in their home market to up their ambitions overseas, as global rivals look to grow in the country to capitalise on a fee surge.
Lenders including Nomura, Mizuho and Daiwa Securities have all upped their goals for their global dealmaking units, executives told Financial News, emboldened by a jump in local fees over the past two years despite a global M&A slump.
