EXCLUSIVE: Nomura-backed digital assets firm @LaserDigital_ has received permission to roll out crypto derivatives in Dubai. By @IanAllison123.https://t.co/jEG9DwtpBY ...

Japan’s financial industry is looking to tighten oversight of trading in government bond futures, after Nomura joined a list of brokerages fined for manipulating the instruments https://t.co/bkKLPVifgX ...

Nomura's profit beat expectations last quarter, as the Japanese firm joined the equity trading boom that fueled earnings for Wall Street banks https://t.co/V2UCSW4mZm ...

What's interesting is you have a market in the US that is looking for the Fed to cut rates as early as September, maybe December. But you have also at the same time Japanese yields moving much higher. This has been a generational trade that has been unwinding.What are the implications of it. There are a lot of questions about the market in Japan and whether this will redirect capital flows. What are your clients saying.Well, I think, first of all, the clients are relieved that there's some resolution. So wh ...

Nomura’s head of greentech industrials and infrastructure dealmaking in Asia ex-Japan Anoop Chaudhry has left the Japanese lender https://t.co/1VeIhzVH3j ...

Regulatory Scrutiny - Nomura and Mitsubishi UFJ Financial Group halted selling loans backed by Japanese government bonds due to tightened regulatory scrutiny [1] Business Operations - The halt impacts the business of selling loans backed by Japanese government bonds [1]

Personnel Changes - Nomura fired an elite bond trader for alleged spoofing [1] Allegations and Disputes - The fired trader is using "toilet graffiti" to share his side of the story [1]

Personnel Changes - Nomura fired an elite bond trader for alleged spoofing [1] Allegations and Disputes - The fired trader claims to be using "toilet graffiti" to share his side of the story [1]

Citigroup hires veteran investment banker Akira Kiyota from Nomura, the latest sign of competition for talent among global financial firms as they seek to benefit from Japan’s dealmaking boom https://t.co/jaSA8hLJiL ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Long-term interest rates have risen or remained elevated in many countries, with China being a notable exception where rates have fallen to a historic low of 1.6% [3][38] - The rise in long-term rates in Japan, the US, and Europe is attributed to a combination of factors, including the shift from quantitative easing (QE) to quantitative tightening (QT) and persistent private-sector financial surpluses [13][17] - The report highlights that the current economic conditions in China resemble Japan's post-bubble period, indicating a balance sheet recession where the private sector is focused on deleveraging rather than borrowing [43][76] Summary by Sections Long-term Interest Rates - Long-term interest rates in Japan and the US have reached their highest levels in over a decade, while China's rates have declined significantly [2][3] - The increase in long-term rates is seen as an inevitable consequence of the transition from QE to QT, which has led to a tightening of monetary policy [16][15] Balance Sheet Recession - The report discusses the concept of a balance sheet recession, where the private sector focuses on saving and debt repayment, leading to a lack of borrowing and spending [10][44] - In Japan, the balance sheet recession began after the asset bubble burst in 1990, while in the US and Europe, it started in 2008 [4][49] Private Sector Financial Surplus - The private sector in Japan, the US, and Europe continues to run financial surpluses, which have remained stable even after 2022 [17][24] - The latest data shows the US private-sector financial surplus at 7.31% of GDP, while the eurozone's surplus stands at 6.35% of GDP [23][24] China's Economic Situation - China's current long-term interest rates signal a need for additional fiscal stimulus, as the economy is in a balance sheet recession similar to Japan's in the 1990s [45][43] - The report suggests that the Chinese government should focus on public works projects to effectively utilize excess savings and stimulate the economy [46][59] Structural Reforms vs. Fiscal Stimulus - The report emphasizes that structural reforms alone are insufficient to address the current economic slump in China, which is primarily driven by balance sheet issues [78][79] - It argues for a shift towards fiscal stimulus measures, as seen in the US's response to the 2008 financial crisis, to effectively combat the recession [87][88]