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A catch-up on some recent stories out of Japan’s financial sector:

Nomura's announcement of potential $2 billion loss was 'unfortunate,' says analyst | CNBC INTERNATIONAL TV
Nomura’s announcement of potential $2 billion loss was ‘unfortunate,’ says analyst | CNBC INTERNATIONAL TV
  • Nomura Holdings’ warning of a “significant” potential loss of about $2 billion from an unnamed U.S. client is related to the unwinding of trades by Bill Hwang’s Archegos Capital Management, sources tell Bloomberg. Hwang’s New York firm is at the center of a margin call that led to the forced liquidation of more than $20 billion in shares Friday.
  • With the gender gap still large among financial analysts in Japan, women who have blazed a trail in the job are calling for changes in the industry’s workstyle and in society’s deep-rooted bias. “What deter women from developing their careers are (conservative views in) society that see working women as selfish,” says Wakako Sato of Mitsubishi UFJ Morgan Stanley Securities.
  • Japan’s is still the undisputed No. 1 stock bubble in history. The proactive bursting of that bubble is the most dramatic example of how Japan’s elite is not afraid to act against vested interests, argues Jesper Koll. But there are many others. As for the result, we will never know whether the act brought more or less pain and hardship on society than a laissez-faire approach would have.

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