Latest news with #NomuraHoldingsInc
Bloomberg
02-07-2025
- Business
- Bloomberg
Nomura Stops Selling JGB-Backed Loans After Regulatory Scrutiny
Nomura Holdings Inc. followed Mitsubishi UFJ Financial Group Inc. in halting the business of selling loans backed by Japanese government bonds, as regulatory officials tighten scrutiny of the products. 'After extensive internal discussions and a comprehensive evaluation, we have discontinued the sale of JGB repackage loans from the end of June,' a spokesperson from Japan's largest brokerage said Wednesday in a reply to Bloomberg News queries. The impact on revenue is 'extremely limited,' she said, declining to comment on the value of outstanding repackaged JGBs Nomura has sold to local financial firms.
The Star
08-06-2025
- Business
- The Star
Banker backs DEI at Tokyo parade amid backlash
TOKYO: The head of one of Japan's largest investment banks used the Tokyo Pride parade to strike a rare public stance on pushing ahead with diversity initiatives, as US President Donald Trump seeks to abolish such policies. Few Japanese corporate executives have taken a clear position on United States efforts to roll back the diversity, equity and inclusion (DEI) policies that had become common at global corporations, though many firms appear to have quietly maintained their initiatives. 'Even if the United States has adopted an anti-DEI policy, Japan should press ahead and make up for lost time rather than following suit,' said Akihiko Ogino, president and chief executive officer of Daiwa Securities Group Inc, before the start of the Tokyo Pride parade near the bustling Shibuya area. He was speaking yesterday at his first visit to the Tokyo iteration of the global event that organisers describe as 'advocating LGBTQ+ rights and dignity'. Faced with a rapidly ageing and shrinking population, some Japanese firms have sought to bolster the pool of available workers by becoming more inclusive of different gender and sexual minorities, as well as women. Major financial firms including Nomura Holdings Inc, Goldman Sachs Group Inc and Deutsche Bank AG are also among the sponsors of the event, according to its website. Companies around the world that do business in the United States have faced a dilemma in dealing with the abrupt about-face on the issue. Trump has vowed to stamp out diversity policies across the board, saying they are illegal and have disastrous consequences. In response, Citigroup Inc withdrew its ambitious DEI goals, and other US financial firms have made adjustments. Ogino said he doesn't necessarily oppose the anti-DEI movement in the United States but that he thinks it's 'important to recognise that there are people with different viewpoints and work together within an organisation'. 'I believe we should acknowledge such diversity, recognise the differences between ourselves and others, and work together while respecting each other,' he said. Daiwa earned less than 7% of its ordinary profit last fiscal year through businesses in the Americas as a whole. Japanese automakers Nissan Motor Co and Toyota Motor Co rolled back some initiatives in the United States last year after pressure from conservative activists like Robby Starbuck. — Bloomberg
Yomiuri Shimbun
31-05-2025
- Business
- Yomiuri Shimbun
Japan's Nomura Committed to Growth of US Business, CEO Says
Reuters file photo Nomura Holdings Inc. Chief Executive Kentaro Okuda attends a news conference in Tokyo, Japan May 17, TOKYO, May 30 (Reuters) – Nomura Holdings 8604.T, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. 'Although America can be said to be the epicenter of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities,' CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion – its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. 'We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing,' Willcox said. 'We run a global business so that's fine,' Willcox added.
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Business Standard
26-05-2025
- Business
- Business Standard
Shorter Indian bonds set to gain further on RBI's record dividend payout
India's shorter-tenor bonds are set to extend their outperformance as analysts expect the central bank's record dividend payout will further boost the cash surplus in the banking system. The Reserve Bank of India approved a record dividend payout of ₹2.69 trillion ($32 billion) on Friday. This payout is expected to boost liquidity for lenders as the government utilizes the funds for expenditure. Nomura Holdings Inc. anticipates the yield curve to steepen further, with the spread between 5-year and 10-year government bonds likely widening to around 50 basis points from the current 34 basis points. 'We expect this steepening trend to continue, and prefer to be long five-year bonds,' said Nagaraj Kulkarni, co-head of Asia rates (ex-China) at Standard Chartered Plc in Singapore. Indian shorter-maturity bonds have outperformed longer notes on expectations a large dividend payout will likely prompt the RBI to cut down on its open-market debt purchases, which have focused mainly on longer-duration securities. IDFC FIRST Bank Ltd. now expects additional purchases of ₹1.6 trillion to be pushed back to the fiscal second half. The yield on the five-year note has declined more than 50 basis points since April 1, outpacing the 33 basis-point decline on the 10-year note. Still, not all are convinced that the outperformance will extend. Bandhan AMC Ltd.'s head of fixed income Suyash Choudhary predicts the steepening may have run its course and the duration segment may relatively perform better. Banking liquidity swung to a surplus of ₹1.6 trillion as of Friday, from a deficit of as much as ₹3.3 trillion earlier in the year, driven by the RBI's debt purchases that have exceeded its Covid-era levels. The dividend payout will push core liquidity, which includes the government's cash balances, to a Rs five-trillion-surplus, according to Nomura.
Yahoo
19-05-2025
- Business
- Yahoo
Trump's China Tariff Deal Is About to Come Back to Bite Him
The president's tariffs on China appear to have backfired. Last week, Treasury Secretary Scott Bessent announced that U.S. tariffs on China would temporarily decrease to 30 percent from 145 percent for the next 90 days. The suspension followed a meeting in Geneva where Bessent and other U.S. officials met with their Chinese counterparts and temporarily put aside some of their differences. In exchange, China said it would lower its import tariff on American products to 10 percent from 125 percent. Both nations agreed to maintain a reciprocal tariff rate of 10 percent. But countries 'from Seoul to Brussels' have taken notice of the exchange, observing that tougher tactics against Trump appear to be the best recourse against the punishing tariffs, Bloomberg reported Sunday. 'This shifts the negotiating dynamic,' Stephen Olson, a former U.S. trade negotiator, told Bloomberg. 'Many countries will look at the outcome of the Geneva negotiations and conclude that Trump has begun to realize that he has overplayed his hand.' The Trump administration is running out of time to secure what they had promised would be '90 deals in 90 days' on U.S. trade—and other foreign leaders are realizing that they have better cards than they originally thought, leading them to play the waiting game rather than participate in a frenzied lineup for potential trade relief from Washington. South Korea's leading presidential candidate Lee Jae-myung has indicated that there's no need to rush negotiations with U.S. trade officials. Japan's Trade Minister Yoji Muto skipped a meeting with US Trade Representative Jamieson Greer in South Korea last week. 'We will keep time limits in mind during negotiations, but we have no intention of compromising our national interests by becoming overly fixated on them,' Japanese Prime Minister Shigeru Ishiba said in parliament Monday. And some nations could be banking on the fact that the U.S. will be the first to feel the sting of Trump's tariffs, forcing a policy change from within. 'The economic pain is more immediate and broad-based in the U.S., and this deal can be seen as the Trump administration acknowledging that,' Robert Subbaraman, head of global markets research at Nomura Holdings Inc, told Bloomberg.
