According to Mr Feldman at Morgan Stanley MUFG, since the 1990s productivity has been rising by an average of around 1% a year.

据摩根·士丹利日本三菱部的费尔德曼先生称，自20世纪90年代以来，生产率就已每年1%左右的水平上升。

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On the contrary, MUFG can and should be considered fairly representative of its peers as well as itself.

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Mr Takamiya says returns on overseas assets at MUFG's biggest bank generate about 2.5%, versus less than 1.5% at home.

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In response to recent market volatility MUFG wishes to reiterate that we are firmly committed to our long-term strategic alliance with Morgan Stanley.

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