Fimat big on Japan after Himawari purchase

Fimat's recent purchase of Japanese commodity broker Himawari is an indicator of the firm's bullish view on the country's markets and the future prospects of commodity markets.

The purchase, which was finalised on 15 May (see FO Week Vol 12 No 20), saw Himawari bought out for Y1.1bn ($9.1m) and provides the French brokerage with memberships of Tokyo Commodity Exchange, Tokyo Grain Exchange and...