My operating assumption is we will always have very tough competition. And even with some European banks struggling right now, some of them can reemerge - and maybe even stronger.

When the government gets involved in pricing, I don't think it's the right way to look at a business.

We're diversified, we're stable and consistent. Our businesses benefit from each other.

You have your own culture and your own ways of doing things. I hope Japan continues on this path.

The Trump administration's economic agenda is the right agenda. Corporate taxes have been driving capital and brains and companies overseas for a decade. It has caused huge damage in investment and jobs and productivity. It was a mistake. We have to fix it. Counterintuitively, that usually helps middle-class wages, and lower-class wages, and job formation.

Good regulation should be conducive to business and to customer protection.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that