Word: nomura
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Okumura's sales force of 2,850 men and women sells stocks from door to door like brushes, and the company has placed 1,100,000 "million-yen savings boxes" in Japanese homes, where Nomura representatives periodically call to collect the yen and credit them to stock purchases. The firm has built branch offices in such spots as department stores and railway stations, has set up numerous investment clubs and seminars. Right after the war, Okumura was reluctant to go after foreign investors, because he felt that the low prices of Japanese stocks constituted an injustice to the work...
Stubborn Man. Okumura, 60, is chairman of Tokyo's Nomura Securities Co. Ltd., the world's largest brokerage firm after Merrill Lynch, Pierce, Fenner & Smith. Nomura, in fact, is known as the Merrill Lynch of Japan and not by accident. As a worker in Nomura's research department before the war, Okumura admired Merrill Lynch's corporate philosophy of people's capitalism, made a study of the American firm's operations. When he took over as head of Nomura in 1948, he began to push widespread stock ownership. He put ads in newspapers, made...
Sold Like Brushes. Nomura has 8,350 employees and 125 offices in Japan, plus branches in Honolulu and New York. Its volume of stock transactions in 1962 reached $8 billion. In fact, Nomura handles nearly 20% of Japan's entire stock business, 16.6% of all Japanese bond underwriting, 23.1% of its stock underwriting and 30.5% of all investment trust business. Its modern building in the heart of Tokyo boasts electronic data equipment, Japan's second biggest vault, and closed circuit TV that links it with 38 main branches in Tokyo. Last year, the firm made...
Flocking in Cadillacs to the convention hall, the candidates bargained furiously to put together a stop-Ikeda ticket. But Ikeda was backed by two banks, a shipbuilder, the Nomura Securities Co. and much of the old Mitsui industrial combine, as well as by Premier Kishi. One rival, Party Vice President Bamboku Ohno, wailed: "I have locked up in a safe Kishi's written promise to make me Japan's next Premier." .Maybe he did. But Kishi stuck with Ikeda. At the last minute. Foreign Minister Aiichiro Fujiyama tossed Ikeda a block of 49 votes that had cost...
Hatoyama's first choice as Defense Minister was Kichisaburo Nomura, the one-eyed ex-navy officer who was feigning negotiations in Washington as Japanese bombs fell on Pearl Harbor. Protests came thick and fast: since Japan's constitution requires civilians in Cabinet posts, ex-admirals do not qualify. In the U.S. view, Nomura would have been a better choice than the man who actually got the Defense Ministry post; Arata Sugihara, a bureaucrat-turned-politician who has egged on Hatoyama to more and more flirtation with the Communist powers. Washington was pleased, however, with the retention as Foreign...