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Nomura Holdings Inc.’s use of office space is part of a sweeping review ordered up by its new chief executive as the brokerage looks to shave costs in the wake of the coronavirus pandemic.

Kentaro Okuda said he has instructed each department to discuss the impact of the outbreak and “what’s needed and what isn’t.” Japan’s biggest securities firm will consider cutting space at its Tokyo headquarters and look into its locations overseas, because employees will probably continue to work from home to various degrees in an era of social distancing, he said in an interview.

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