The yen is a yardstick for sentiment. We think that Japan is having a bad situation, so you sell Japan, you sell the yen.

It seems like they've been heavily involved in investment banking work this year, and you see the benefit of that coming through.

I think you have to pick carefully through the tech sector. A large swathe of Japan's technology sector, they're fighting a strong war out there.

What we need is some clarity as to the direction of the business, and what the management commitments are in respect to company strategy and the financial performance attached to that.

If this situation isn't fixed, they won't be able to sell their house.

It's unfortunate that you've got to do these things, but that's what we have to do with this cap situation this year and make sure we leave enough room to have people here as we go on.