ouside of the US, where do you see opportunity?

除了美國以外，你還能在哪裡看到商機？

You mentioned India as well.

你也提到了印度

There's no question we would certainly have Japan at the top of our list.

毫無疑問地，我們會以日本為重

We do believe that there are large institutional investors there who are looking very actively to put their money to work outside of Japan,

我們相信有許多龐大的機構投資人正積極地想讓他們的錢得以在日本以外的地方流動

and to move into higher yielding assets.

使其成為收益率較高的資產

And I would've said that their search for yield 1.0 was to move into the US and to move to kind of investment grade corporates,

因此我會說他們尋求收益率的行動 1.0 是讓資產流入美國、流入類似投資級的公司

and we're now really seeing search for yield 2.0 which has to do with high yield, emerging markets, and structure products.

而我們現在真的能夠預見這個尋求收益率的行動 2.0 會與高收益率、新興市場、和結構產品有關

Which is, you know, we hadn't seen for quite some time from the Japanese.

而在這方面，我們已經好一陣子沒看到日本行動了

So I think we do believe that there is a lot more yet to run on the movement of money out of Japan.

因此我想，我們相信在讓錢的流動離開日本國內的這方面，還會有許多動作