Japan's SMFG to boost U.S. investment with eye on second Trump term

Group CEO Toru Nakashima expects tax cuts and deregulation to drive business

20250106N SMFG Nakashima

Sumitomo Mitsui Financial Group CEO Toru Nakashima sees the tie-up with Jefferies as key to expansion in the U.S. (Photo by Kosuke Imamura)

YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Japan's Sumitomo Mitsui Financial Group will ramp up investments in the U.S. in the coming years, eyeing an increase in corporate activity there after Donald Trump returns to the White House, SMFG Group CEO Toru Nakashima told Nikkei in an interview.

Edited excerpts from the interview follow.

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