Japan – the view from the top: Kentaro Okuda, Nomura

JAPAN FOCUS

Crunch time for banks Wealth managers face a problem for the ages Five approaches to taking on the world Seiji Nakata, Daiwa Tatsufumi Sakai, Mizuho Kanetsugu Mike, MUFG Kentaro Okuda, Nomura Jun Ohta, SMBC Flowers’ 20-year journey in and out of Shinsei Governance brings an M&A bounty

It is widely held that Japan’s retail brokerage model is under great pressure – perhaps irredeemably broken.

Nomura is the biggest name in the sector. It still has a peerless distribution network, but there is a nagging sense that it is more exposed than anyone to the challenges facing brokerage.