japan’s nomura sees opportunities from trump’s probusiness agenda
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

Japan’s Nomura Sees Opportunities From Trump’s Pro-Business Agenda

Arab Today, arab today

Arab Today, arab today Japan’s Nomura Sees Opportunities From Trump’s Pro-Business Agenda

Japan’s Nomura
Tokyo - Arab Today

Nomura Holdings Inc sees opportunities in the pro-business stance of US President-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan’s biggest brokerage and investment bank.

Japanese shares have gained since the New York billionaire’s November 8 election, spurred by Wall Street where investors are betting Trump’s support of deregulation and infrastructure spending could boost the US economy.

“The market expects business and economy-friendly policies,” CEO Koji Nagai told Reuters. “Clients will have to rebalance portfolios, in both Japan and America. That’s a chance for us.” Investors shifting funds to riskier assets such as shares would be a boon for Nomura’s equity trading arm, while increased business activity will benefit its advisory and equity and bond underwriting divisions, Nagai said.

Nomura earned over half of April-September overseas pretax profit in the Americas, where it is shifting focus to client-oriented services from market-based trading.

Trump barriers

But Trump has spoken of measures to protect US businesses at the expense of foreign interests, including pulling the US out of the North American Free Trade Agreement and Trans-Pacific Partnership trade pact, and imposing tariffs on some imports.

Any such measures could have a detrimental effect on trade, Nagai said — something likely to limit opportunities for financial firms such as Nomura.

“If the US adopts a protectionist trade policy, it won’t have a good impact on the global economy,” Nagai said.

While it is difficult to gauge the costs of policies that impede cross-border trade and investment, Trump’s protectionism could have an adverse impact on Japan’s export-heavy economy, a Reuters poll showed this month.

Brexit moves

In Europe, Nomura and its peers face the possibility of losing so-called passporting rights that allow them to provide services across the European Union (EU) from bases in Britain following the latter’s vote to withdraw from the bloc.

Some are considering shifting operations to EU cities such as Paris, Frankfurt, Dublin and Amsterdam.

Sumitomo Mitsui Financial Group Inc, Japan’s third-largest banking group, last week said it was studying sites for a new banking headquarters in Europe.

For Nomura, Nagai said such moves would be costly, and that he was “considering options for every scenario”.

Daiwa Securities Group Inc, Japan’s second-biggest brokerage by revenue, said it was examining setting up a base within the Eurozone should it lose passporting rights.

Daiwa’s European arm accounts for only a small share of its overall business, so any Brexit impact would be small, it said.

“We are studying various things, including establishing a new base on the continent,” CEO Takashi Hibino said, citing locations such as Frankfurt, Dublin and Paris.

source : gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan’s nomura sees opportunities from trump’s probusiness agenda japan’s nomura sees opportunities from trump’s probusiness agenda

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan’s nomura sees opportunities from trump’s probusiness agenda japan’s nomura sees opportunities from trump’s probusiness agenda

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 13:38 2018 Thursday ,13 December

Maduro says meeting with Putin most useful in his career

GMT 10:40 2017 Monday ,03 July

Actor Mohamed Ramadan happy for reactions

GMT 12:21 2017 Wednesday ,19 April

Ramez Galal’s new prank show is suffering

GMT 11:23 2017 Friday ,05 May

Komodo dragon attacks tourist in Indonesia

GMT 19:09 2016 Monday ,12 December

With Egyptian Commercial Consul in the UAE

GMT 16:47 2017 Tuesday ,22 August

Al-Wardi happy for renewing contract

GMT 04:58 2017 Tuesday ,10 January

Ronaldo, Ranieri scoop top FIFA awards

GMT 11:52 2017 Thursday ,16 February

Three ways to turn discarded wood into home decor

GMT 00:53 2017 Saturday ,22 April

Car bomb explodes in Somalia capital
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday