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Takashi Nakamichi
For Takashi Nakamichi's latest contributions to The Japan Times, see below:
Global banks are responding to increased demand for information about Japan’s companies and markets amid a resurgent stock market.
BUSINESS / Companies
Apr 12, 2024
Global banks ramp up roadshows for clients eager to bet on Japan
Foreign investors bought the most Japanese equities since 2013, last week.
Citigroup is betting that Japan’s bond market revival will gather steam after the Bank of Japan's rate hike.
BUSINESS / Markets
Apr 4, 2024
Citigroup sees ‘exciting market’ for Japan bonds after BOJ move
"Normalization has started, so we foresee a lot of activity going forward”
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024
Bonuses at Japan's global banks underwhelm despite booming markets
Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
People feel that Japan may be getting out of deflation and there could be an economic transformation, a top regulatory official says.
BUSINESS / Economy
Mar 25, 2024
Japan seeing more interest from foreign asset managers, official says
Tokyo has inched up one position higher to 19th place in the Global Financial Centers Index.
Goldman Sachs is exiting transaction banking in Japan, less than a year after announcing plans to enter the business
BUSINESS / Companies
Mar 8, 2024
Goldman Sachs exits Japan transaction banking in sudden reversal
The bank will remain focused on growing its transaction banking operations in the U.S., U.K. and European Union, according to a spokesperson for the firm.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
Prime Minister Fumio Kishida
BUSINESS / Economy
Jan 24, 2024
Kishida pitches Japan's ‘golden opportunity’ at Goldman event
Japan's government will demonstrate the nation’s transition to a new economic stage by mobilizing all policy tools, the prime minister said in his video address.
The Financial Services Agency ordered SBI Securities to halt part of its business related to initial public offerings through Jan. 18 as a penalty for having manipulated clients' post-IPO share prices.
BUSINESS / Companies
Jan 13, 2024
Japan’s biggest online brokerage SBI punished for market rigging
The Financial Services Agency on Friday instructed the nation’s biggest online broker SBI Securities not to solicit trade orders from clients for shares on the day they list.
Mitsubishi UFJ Morgan Stanley Securities sold Additional Tier 1 notes from Credit Suisse more aggressively than any other firm in Japan, with its sales making up about two-thirds of the notes taken up, which totaled ¥140 billion in value.
BUSINESS / Companies
Dec 26, 2023
MUFJ securities unit sued again over Credit Suisse AT1 bond losses
Mitsubishi UFJ Morgan Stanley Securities sold more than two-thirds of the Additional Tier 1 notes taken up in Japan.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023
Morgan Stanley expects record Japan revenue as BOJ fuels trading
Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
Nomura Holdings CEO Kentaro Okuda in Tokyo in May
BUSINESS / Companies
Nov 29, 2023
Nomura eyes extra $100 million wholesale banking cost cuts
CEO Kentaro Okuda said that ensuring the recovery of Nomura's macro products business, where it has a high market share, is an important issues.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS
Aug 2, 2023
Nomura shares tumble most in two years after profit miss
The stock dropped as much as 8.5% on Wednesday morning, the biggest daily decline since March 2021.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023
Japan’s Monex sued by client for Credit Suisse bond loss
The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
Japan Times
BUSINESS / Markets
Jul 13, 2023
Credit Suisse AT1 fallout embroils more brokerages in Japan
Documents have raised questions over whether information over the risks associated with the product was properly disclosed to investors.
Japan Times
BUSINESS
Jul 4, 2023
Rakuten applies to list brokerage arm as debt concerns mount
Billionaire Hiroshi Mikitani’s online retailer has seen its shares tumble to a 14-year low.
Japan Times
BUSINESS / Companies
Jul 4, 2023
Mizuho on U.S. hiring spree with top 10 underwriting goal in sight
The Japanese bank’s U.S. unit plans to recruit more than 100 people for its investment banking and trading business by the end of March next year.
Japan Times
BUSINESS
Jun 9, 2023
Japan watchdog seeks penalty for regional banks over bond sales
The agency said the banks sold the bond products without properly checking customers’ investment preference and experience, or explaining the risks involved.
Japan Times
BUSINESS / Companies
Jun 5, 2023
Daiwa gives workers OK to 'freely use' ChatGPT as part of tech drive
The company has been strengthening the recruitment of science graduates to develop high-tech experts in house.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on