• Bloomberg


Nomura Holdings Inc., Japan’s biggest brokerage, will raise salaries for about 4,000 employees in the country as Prime Minister Shinzo Abe urges companies to help defeat deflation and sustain the economic recovery.

Base pay at the Nomura Securities Co. unit will climb an average 2 percent starting in April, the Tokyo-based firm said in a statement on its website Friday. The increases target younger employees, who are more likely to spend money and contribute to the world’s third-largest economy, it said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.