It's neither. They account for half of the retail JPY corparate market. Much different and smaller market than overall (institutional) corporate market. Half

It's neither. They account for half of the retail JPY corparate market. Much different and smaller market than overall (institutional) corporate market. Half of JPY corporate markets is an astronomical number that doesn't pass a basic sniff test. https://www.ft.com/content/24c4a8a8-7885-11e9-bbad-7c18c0ea0201 https://www.ft.com/content/24c4a8a8-7885-11e9-bbad-7c18c0ea0...