ôThere is a lot of head room in Japan for MA volumes to continue to grow on a sustained basis,ö says Shunichiro Tsunokawa, a managing director in Morgan StanleyÆs MA division in Tokyo.
ThatÆs not surprising given the small base. MA activity in Japan during 2006 is estimated at around $103 billion, compared to record volumes of $1.6 trillion in the US alone and $3.8 trillion worldwide. Global MA volume rose around 38%...
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