Oct 30, 2013

Brokers' profit gains, like stocks, may cool

by Takahiko Hyuga

Japan’s largest brokerages, whose first-half profits soared more than 10-fold as Prime Minister Shinzo Abe’s economic stimulus program bolstered investors’ appetite for local stocks, may find that the magic is wearing off. Nomura Holdings Inc. reported Tuesday that its second-quarter net income rose to ...