Morgan Stanley's business revenue in Japan has reached $1 billion, leading the industry globally.

Morgan Stanley is capitalizing on the surge in Japanese stock trading, achieving a record annual revenue in the region that surpasses many of its peers. According to regulatory filings, as of the fiscal year ending in March, the Japanese brokerage subsidiary, which is controlled by the American bank, saw its net revenue grow by nearly 10%, reaching 168.3 billion yen. This revenue scale exceeds that of its competitor JPMorgan, although JPMorgan posted higher net profits and has become the most profitable foreign investment bank in Japan for the second consecutive year. Alberto Tamura, president of Morgan Stanley MUFG Securities, stated that the Japanese economy is experiencing several positive changes, including policy initiatives and corporate governance reforms, which continue to bring "strong benefits" to the company. Tamura added that overseas investors remain focused on Japanese stocks, driving an increase in trading volumes; meanwhile, the collaboration with Mitsubishi UFJ Financial Group has helped expand market share, and this joint venture also achieved a historic high in net profit.