Hi Edwin, On Mr. Fujii and his ?
<<We worked on the real estate business too much and focused on non-banks very much. That's why we went bankrupt. In other words, we couldn't keep up with the times.>>.
I have always thought banking was one of the simplest businesses relative to investment banking, manufacturing, health care, education, etc etc. and the only way one can lose money when one simply takes in money and loan out money is if one is capable of saying ?
<<Softbank, however, will provide the new bank with a new type of business and clients as the largest (information technology) investor in the world. Softbank has customers and great financial expertise that we don't have.>>
With people like Mr. Fujii in charge of other banks in Japan - NCB can not be the exception, our 9984 should be able to clean up by engineering connected marketing and services between NCB, E-trade, Morningstar and other financial services investee companies.
On competition between Nasdaq Japan vs TSE and the proposed GEM, I believe the important advantage of Nasdaq Japan is its listing requirements. 24/6 trading of the likes of Sony can already be done. Saw CNBC Asia interview of TSE official regarding GEM and of TSE prospects. Of the many questions ask, the guy answered only a few, not due to reluctance but due to awareness. Our Son must see feasts galor in Japan, in sector after sector.
On global GEM, Hong Kong can already trade MSFT, INTC, DELL and four other NASDAQ stocks. Tiny volume so far. The folks interested in US stocks already do so directly. I think the issue of offshore retail trading of stocks of larger markets is not primarily one of access, but of information. |
