America's oldest bank looks to Japan amid global uncertainty

TOKYO -- Bank of New York Mellon is bolstering its Japan operations, seeing opportunities to make money as the country emerges from deflation and its people become more open to investing in the stock market.

BNY, a processing bank, provides infrastructure for global banks, central banks, sovereign wealth funds, pension funds and insurers. It clears and settles all the transactions, and stores and keeps records of the assets investors own. It prospers as financial activity expands, earning a small fee on each transaction.