Nomura bets big on US with US$1.8bil acquisition

Cautious stance: An employee of a foreign exchange trading company at work in a dealing room in Tokyo. Japanese investors are unlikely to suddenly start pulling assets that they have spent years accumulating abroad, says Nomura. — Reuters

NEW YORK: Nomura Holdings Inc is telling clients to stay invested through the turmoil that’s pervaded financial markets during the escalating trade tensions.

With its US$1.8bil acquisition of an asset management business, the Japanese brokerage is putting its money where its mouth is.