It seems like they've been heavily involved in investment banking work this year, and you see the benefit of that coming through.

The yen is a yardstick for sentiment. We think that Japan is having a bad situation, so you sell Japan, you sell the yen.

I think you have to pick carefully through the tech sector. A large swathe of Japan's technology sector, they're fighting a strong war out there.

You only have to look at consumer electronics, to look at what Samsung's doing, to worry about Japanese consumer electronics companies.