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Fintech spurs rebound in finance job hopping

Japanese firms pulling more talent from foreign peers

Tokyo's Marunouchi business district. As they expand overseas, Japanese financial companies are attracting more young talent.

TOKYO -- Job turnover in Japan's financial sector has rebounded as both domestic and foreign institutions search for talent to meet their increasingly international and technical needs.

Tokyo-based JAC Recruitment, a leading recruiter for banks and other financial institutions, has seen its placements for the sector recover to pre-financial-crisis levels. From 2008 to 2012, its financial sector placements were mostly to fill vacancies, but companies have "pivoted to 'offensive' hiring" since 2013, according to Hiroshi Matsuoka, who heads the finance division at JAC.

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