I think normalization is a good thing.

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

I am struck that so many of our leaders in the U.S. forget how strong our country can be.

Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.

We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world. It allows us to sell stocks and bonds in Japanese companies.

The goal of what Japan's central bank is doing is to create growth. If it actually creates growth, in the long run, it will lead to appreciation.

On Wall Street, there is no "Wall Street"; there are individuals.