When asked about whether Nomura’s focus on Asia was a turning away from the direction that led them to acquiring Lehman Brothers in 2008, the CEO of Nomura Holdings, Koji Nagai, responded “It’s not a reverse, just a rethink that happened two years ago. Before, we thought we wanted to be global, therefore we should do global business. Now we think about the customers’ needs first, and where we are competitive and can add value, which is why focusing on Asia makes sense.”
However he is very cautious about China, saying it resembles Japan around the time of the economic bubble bursting in 1990. Abenomics is providing a tailwind for Nomura at the moment, but as the Nikkei journalist comments, Nagai clearly still feels a strong sense of make or break, for Japan and for Nomura.
Nomura is #20 in our Top 30 Japanese companies in Europe, with around 3600 employees.
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