Word: daiwa
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Dates: during 1980-1989
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Nomura would not be so ambitious overseas were it not for its enormous strength at home. It offers a full roster of investment services, including underwriting, money management and research. Nomura handles nearly 17% of all stock trades in Japan; its nearest rival, Daiwa Securities, has a 12% share of the market. Nomura claims an equally commanding slice of the bond market, 19%, vs. 12% for Daiwa. Nomura and Daiwa, along with Nikko Securities and Yamaichi Securities, are known in Japan as the Big Four. Says a Nomura director, with a mix of arrogance and pride: "It's not really...
...reels now sport built-in microcomputers and liquid crystal display screens. Ryobi America of Bensenville, Ill., for example, makes a $95 bait-casting reel with a computer that monitors the spool's rate of spin during casts and adjusts it as necessary to keep the line from getting snarled. Daiwa of Garden Grove, Calif., sells a $100 spinning reel with a screen that tells how far the line is cast and how fast it is reeled in. The $695 Cannon Digi-Troll, sold by Michigan-based S & K Products, not only drops a trolling lure to a measured depth...