Signage for Nomura Holdings Inc. outside the company's Otemachi head office in Tokyo, Japan, on Wednesday, Oct. 30, 2024. Nomura Holdings is scheduled to announce it's second-quarter earnings figures on Nov. 1. Photographer: Kiyoshi Ota/Bloomberg via Getty Images (Credit: Kiyoshi Ota/Bloomberg - Getty Images)
Japan’s biggest brokerage, Nomura Holdings, is having a tough year.
On Thursday, the firm’s CEO Kentaro Okuda, alongside a handful of other executives, announced they’d be cutting their own pay, following the news that a Nomura employee had manipulated Japan’s bond market.
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