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November 22, 2024
 

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BROKERAGES

Nomura Holdings CEO Kentaro Okuda in Tokyo in May
BUSINESS / Companies
Nov 29, 2023
Nomura eyes extra $100 million wholesale banking cost cuts
CEO Kentaro Okuda said that ensuring the recovery of Nomura's macro products business, where it has a high market share, is an important issues.
Mizuho Financial Group is seeking to establish a securities company in China.
BUSINESS / Companies
Nov 23, 2023
Japan's Mizuho applies to set up securities company in China
The application comes as the bank is hoping to tap China's lucrative capital markets fee pool, the largest after the United States and Europe.
Rakuten Securities President Yuji Kusunoki
BUSINESS / Companies
Nov 17, 2023
Rakuten Securities sees payoff from free trading plan after a year
The firm plans to make up for the decrease in domestic stock trading commission fee revenues by expanding its financial services such as margin trading.
Mizuho Financial Group will raise its stake in Rakuten Securities to nearly 50%.
BUSINESS / Companies
Nov 9, 2023
Mizuho said to raise Rakuten Securities stake to almost 50%
The banking group plans to increase its investment in Rakuten’s online securities arm, which isn’t proceeding with an initial public offering for now.
Nomura's majority-owned joint venture in China has struggled to grow since its launch in 2019.
BUSINESS / Companies
Oct 26, 2023
Nomura reviews business plan for mainland China as losses rise
The move comes as a further blow to the top Japanese investment bank's global expansion strategy.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023
Nomura hires traders from rivals for Middle East credit push
The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
NTT Docomo President Motoyuki Ii (left) and Monex Group Chairman Oki Matsumoto hold a news conference in Tokyo on Wednesday.
BUSINESS / Companies
Oct 5, 2023
NTT Docomo to make online brokerage Monex a subsidiary
With the move, the firm aims to strengthen its revenue base by entering in the field of asset formation services.
With the aim of bolstering its customer base, SBI Holdings introduced a commission-free service starting Saturday amid growing interest in investing thanks to government efforts to persuade people to shift household assets from cash and savings to investments.
BUSINESS / Markets
Oct 2, 2023
Zero-commission services intensify brokerage competition in Japan
SBI Holding's decision to scrap commission fees for domestic stock trading threatens to undercut the brokerage industry's profitability.
Charles Wang Zhonghe, a senior banker at Nomura Holdings, has reportedly been barred from leaving China in a move connected to a long-running investigation of a top dealmaker in the country.
BUSINESS
Sep 25, 2023
Senior Nomura banker barred from leaving China, report says
The exit ban on the chair of investment banking for China at the bank's Hong Kong arm is linked to an investigation of a top dealmaker in the country.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
Yuko Seimei was promoted to president of Monex Group in June, after serving as president of affiliate Monex.
BUSINESS / Companies
Aug 24, 2023
More brokerages name female leadership amid pressure for change
The government wants women to account for at least 30% of board members at firms listed on the Tokyo Stock Exchange's top-tier Prime section by 2030.
Nomura Securities International has agreed to pay $35 million over securities trading fraud which took place from 2009 to 2013 and primarily from the company’s trading floor in New York.
BUSINESS
Aug 23, 2023
Nomura fined $35 million in U.S. over mortgage-backed securities
Nomura Securities International will also pay almost $808,000 in restitution to victims of the scheme.
Imma, a virtual influencer, is the face of Nomura’s new campaign for tax-free investment accounts.
BUSINESS
Aug 4, 2023
Nomura hires virtual influencer to coax Japan’s young investors
Boosting individual investments is particularly crucial as the country's baby-boomer generation passes on their assets to a younger generation.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS
Aug 2, 2023
Nomura shares tumble most in two years after profit miss
The stock dropped as much as 8.5% on Wednesday morning, the biggest daily decline since March 2021.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023
Japan’s Monex sued by client for Credit Suisse bond loss
The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
Japan Times
BUSINESS / Markets
Jul 13, 2023
Credit Suisse AT1 fallout embroils more brokerages in Japan
Documents have raised questions over whether information over the risks associated with the product was properly disclosed to investors.
Japan Times
BUSINESS
Jul 4, 2023
Rakuten applies to list brokerage arm as debt concerns mount
Billionaire Hiroshi Mikitani’s online retailer has seen its shares tumble to a 14-year low.
Japan Times
BUSINESS / Companies
Jun 13, 2023
Nomura to scale back loss-making brokerage venture with Line
As part of the restructuring, Japan’s biggest securities firm will take over the management of client brokerage accounts.
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.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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