It's moderate growth, with some parts of the world better than people think, and better than last year [2015]..

I do want the tax system to be efficient and be conducive to growth, which it is not..

You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff….

I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by c….

Over the longer term, China will grow by about 6% or 7% per year. The Chinese authorities usually react pretty quickly to unfolding economic events, ….

If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people ha….

But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just ….

When you walk into a store and you want to buy something, you give them cash and they sell it to you. But very often, you walk into our "store" and y….

You know, the benefit in life is to say, 'Maybe you made a mistake, let’s dig deep.'.

We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world….

We've seen the volatility at dollar-yen, U.S. Treasurys, JGBs (Japanese government bonds), German bunds..

Companies are returning a lot of money to shareholders through dividends and buybacks. And a lot of people say that's not a good use of capital. I th….

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen..

Our global corporate investment bank competes with Goldman Sachs, Citibank, and a bunch of other banks that are in those businesses. We may have slig….

If you can't use dividends, it's not a bad thing to give it back to your shareholders. They'll use it somewhere else..

We've accommodated the new rules and regulations. We've served our clients and had quite good returns..

The question is how do you do it [more consumer protection] so that it actually works that way? And that takes analysis, and sometimes collaboration ….

Their [American banks] big issue will be if they want to deal with the biggest companies, which are doing a lot of business overseas. How they do tha….

I do think there will be more Japanese companies expanding out of Japan, and there will be more cross-border flow from Japan..

I always tell people, "There's a book on everyone." I get some of that book before I do anything. If I want to deeply understand someone's reputation….

I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation..