Both Mitsubishi UFJ and Morgan Stanley have been winning market share in the investment banking sector of Japan since they joined hands 5 years ago. The channel for acquisitions and mergers of Japanese companies has increased greatly to 30% in 2016, according to Nakamura. He also said that the deals valuing more than 1 billion US dollar will grow since more firms are looking for acquisitions in foreign lands and at the same time merging at home.