Business | Aug 04

Japan's Nomura Reports 97% Slump in Profit on Deal Drought

Aug 04 (Bloomberg Markets and Finance) - Nomura Holdings Inc., Japan's largest brokerage, reported a 97% plunge in profit. Gains from fixed income trading were unable to make up for weaknesses elsewhere. Russell Ward reports on Bloomberg Television.


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The proportion of new employees who consider switching jobs if the opportunity arises has reached an all-time high, according to a survey of 1,000 employees conducted by the Tokyo Chamber of Commerce and Industry, with 26.4% responded that they would change jobs given the chance, the highest figure since the survey's inception in 1998.

A new store format from Don Quijote, named "Kirakira Donki," opened its doors in Tokyo's Shibuya district on Tuesday, aiming primarily at Generation Z and attracting a significant number of foreign tourists on its first day.

In a move to address the significant issue of food waste, which amounts to approximately 5 million tons annually across Japan, convenience store chains are intensifying their discount strategies.

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A private organization has revealed that approximately 40% of the national municipalities, totaling 744, could potentially disappear by 2050 due to declining populations.

Youngsters in Japan are enthusiastically embracing the world of cosmetics, with a recent survey reporting some 60% of elementary students own some form of makeup.

Major American IT companies like Microsoft and Oracle have announced substantial investments totalling 4 trillion yen ($26 billion) in data centers in Japan, sparking concerns about digital sovereignty and AI development.

A former host admitted to knowingly receiving approximately 25 million yen that had been deceitfully obtained by convicted scammer "Riri-chan," in a trial held on April 23.

A cherry tree located at one of Kyoto's busiest pedestrian streets, Sanneizaka, a main pathway to Kiyomizu Temple, suddenly fell at 11:45 AM on Tuesday, trapping a school teacher beneath.

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