• Kyodo News

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Nomura Holdings Inc. plans to pay as much as ¥542,000 in monthly wages to some 40 special recruits among 600 new employees entering the company next April, company officials said Wednesday.

This means annual basic pay alone may amount to ¥6.5 million. Combined with bonuses depending on performance, annual income for a new employee could reach levels for managerial workers at large companies.

The largest Japanese brokerage intends to take advantage of such extraordinarily high pay to retain excellent workers and enhance its competitiveness. The new employees must meet certain requirements, including a minimum TOEIC score of 860.

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