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Takashi Nakamichi
Japan Times
BUSINESS
Jun 9, 2023
Japan watchdog seeks penalty for regional banks over bond sales
The agency said the banks sold the bond products without properly checking customers’ investment preference and experience, or explaining the risks involved.
Japan Times
BUSINESS / Companies
Jun 5, 2023
Daiwa gives workers OK to 'freely use' ChatGPT as part of tech drive
The company has been strengthening the recruitment of science graduates to develop high-tech experts in house.
Japan Times
BUSINESS / Companies
May 18, 2023
Nomura slashes profit targets across board, plans major review
The moves underscore the challenges for Nomura leadership as rate hikes and geopolitical tensions dampen investor sentiment.
Japan Times
BUSINESS / Companies
Apr 27, 2023
Nomura profit falls for third straight year under CEO Kentaro Okuda
Muted client sentiment and lackluster deal-making weighed on revenue at the Japanese brokerage while its overseas operations have now lost money in 10 out of the past 12 years.
Japan Times
BUSINESS
Apr 24, 2023
Citi's Japan clients bet on U.S. and Aussie dollars as Ueda cools BOJ bets
Clients have shifted bets on changes to the Bank of Japan’s ultraeasy policy to as late as the second half of next year.
Japan Times
BUSINESS / Companies
Apr 13, 2023
Mizuho warned over setting low IPO prices in blow to issuers
The warning suggests the government is getting more serious about removing what it sees as obstacles to its plan to turbocharge Japan’s startup ecosystem.
Japan Times
BUSINESS
Apr 12, 2023
Goldman Sachs to start offering transaction banking services in Japan
Japan is the first country in Asia where the firm will offer the services, which include handling money for large companies, the bank said.
Japan Times
BUSINESS / Companies
Mar 28, 2023
Nomura cautious on Credit Suisse hiring as rivals grab talent
While Japan’s biggest brokerage could end up getting some Credit Suisse bankers as it continues to invest in its businesses, it isn’t 'systematically” targeting the Swiss bank’s employees.
Japan Times
BUSINESS / Companies
Mar 9, 2023
Nomura cuts entertainment budget as rising costs hurt profit
The firm decided to cut its spending plan by about 30% for the current fiscal year following weak earnings in the first half, in a move that affects executives and senior managing directors.
Japan Times
BUSINESS / Companies
Feb 8, 2023
Nomura to boost pay raises as workers face highest inflation since 1981
Nonmanagerial staff in their 20s and 30s at Japan's biggest brokerage will receive a slightly higher raise than the 6.2% average seen over recent years, the company said.
Japan Times
BUSINESS / Companies
Jan 18, 2023
Coinbase stops Japan operations after slump in digital assets
Coinbase Global is halting operations in Japan, giving customers until Feb. 16 to withdraw their fiat and crypto holdings.
Japan Times
BUSINESS / Markets
Jan 17, 2023
Japan pushes global counterparts to regulate cryptocurrencies like banks
FTX's bankruptcy and fraud charges against Sam Bankman-Fried have battered the crypto sector, highlighting gaps and differences in global digital-asset regulation.
Japan Times
BUSINESS
Jan 13, 2023
Japan expects local FTX clients to get funds back from February
The plan, if successful, would be a rare example of investors getting money back following FTX's epic unraveling about two months ago.
Japan Times
BUSINESS / Economy
Dec 23, 2022
Daiwa chief expects more BOJ tweaks in pivot to policy tightening
Japan's 40-year high inflation and signs of distortions in the bond market mean it's a good time to start normalizing policy, Daiwa Securities Group CEO Seiji Nakata said.
Japan Times
BUSINESS
Dec 14, 2022
Japan lawmaker chides crypto watchdog over FTT coin approval
Disgraced crypto founder Sam Bankman-Fried's digital assets empire imploded just as Japan was warming up to crypto again.
Japan Times
BUSINESS / Markets
Dec 1, 2022
FTX’s Japan unit drafts plan to return client funds
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January.
Japan Times
BUSINESS / Companies
Nov 30, 2022
Nomura looks to tap equities and wealth for ¥138.6 billion revenue boost
Japan's biggest brokerage is seeking new revenue streams as rising global interest rates and market volatility slow key pillars of its business, from brokerage fees to stock underwriting.
Japan Times
BUSINESS / Companies
Nov 11, 2022
Bain goes on Japan buying spree with $40 billion in investments
The U.S. firm is on a buying spree, sealing a multi-billion dollar deal last month to acquire Hitachi's metals unit, while it is involved in a bidding war for Toshiba.
Japan Times
BUSINESS / Economy
Nov 10, 2022
Japan’s credit ratings may hinge on BOJ policy changes, says S&P
Speculation has been building that the BOJ may start to withdraw its decade-old monetary stimulus next year as the yen's fall driven by its policy helps accelerate inflation.
Japan Times
BUSINESS / Markets
Nov 8, 2022
Lawmaker behind Japan crypto strategy says rules still too tight
The latest steps suggest Japan is getting more serious about rejuvenating the crypto market.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?