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Bridging the financial markets

Nerves of steel, accuracy under fire, good common sense: these are the skills of a fighter pilot... or the Tokyo Copy Chief for BridgeNews, one of the leading financial information services. Michelle Hesse talks with Daneeta Loretta Saft about flying the financial news desk.

Michelle Hesse
BridgeNews Copy Chief Michelle Hesse
Photo by Mitchell Coster

What does a copy chief do?
I edit copy from various sources, our own and others, that will be sent to people working in the financial markets - traders and the like. News stories have to be checked for accuracy and we have to make sure that stories make sense based on our own knowledge of the financial markets.

Is it only financial news that you edit and send out?
No. We also edit general news stories that may affect the financial markets. This is where our knowledge of how certain events relate to the markets comes into play. We' acting as filters for our clients. They want information that relates to the financial markets quickly, and we have to know what's important that will help them stay informed and able to make decisions.

What skills do you need to be a copy chief?
You have to be well read and abreast of not only the financial markets but also of current events. You have to accurately filter the news and be able to look at the big picture - how will a story affect the markets? You have to be fast and accurate. A financial background and writing skills are also important, but speed and accuracy are the most critical skills.

How did you get your job?
Networking. I think networking is more important in this city than any other. If you talk to people in the industry, and you have the right skills, you can get a job. What I found out is that you may not think you have the right skills until you talk to people in the market. So ask a lot of questions and think about how your skills can be honed to fit the job.

Is there a lot of opportunity in your field?
Wire services are definitely looking for people. There is a bit of a dearth in the industry right now due to the exodus of foreigners during the economic downturn. Not many people came into Japan to replace the talent that was leaving to take advantage of the blossoming American economy.

Do you have to speak Japanese?
It's not necessary in an editor's position because we are consolidating and editing news written in English for an English-speaking market. Reporters, however, definitely have to speak Japanese.

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