TOKYO -- The earnings at leading Japanese brokerages Nomura Holdings and Daiwa Securities Group have failed to reflect the recent big gains by Japanese equities due to the reduced roles of trading commission income.
Finance
Nomura, Daiwa earnings miss out on Japan's stock boom
Big brokerages reorient away from trading commissions to asset management
Japanese brokerage Nomura Holdings has been unable to beat its profit record despite the historic rally by the Nikkei Stock Average. © Reuters
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