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The rest of Asia has bigger potential for future growth compared to Japan. We would like to look for more opportunities.

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Yuji Hibino, a senior managing director in charge of business fo Asia, excluding Japan, for Nomura Holdings Inc. The company plans to hire dozens of private bankers in Hong Kong and Singapore to extend its wealth management push from Japan to mainland China and the rest of Asia.

© Bloomberg

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That was obvious many years ago. This century Thailand and Malaysia demonstrated their potential and in the past ten years Vietnam has made great progress followed by more recently Cambodia and Laos. Japan has been going nowhere for a long time and Abenomics has done nothing to help.

5 ( +5 / -0 )

@gaijintraveller ... Exactly. Japan is simply legislatively and culturally at a disadvantage compared to other ASEAN countries when it comes to business competition. And I don't see things changing anytime soon. So Nomura is right to realise that there will be more rich people (customers) outside of Japan.

3 ( +3 / -0 )

.This century Thailand and Malaysia demonstrated their potential and in the past ten years Vietnam Vietnam has made great progress followed by more recently Cambodia and Laos

LOL, yeah right that's why South East Asians are headed to Japan for work. Because there are so many opportuites in SE Asia, they are getting on a plane and head to Japan or back trucks trying to get into the UK.

U.K. Police Confirm Identities Of All 39 Vietnamese Nationals Found Dead In Truck

https://www.npr.org/2019/11/07/777222731/u-k-police-confirm-identities-of-all-39-vietnamese-nationals-found-dead-in-truck

A lot of rich people in that truck.

-2 ( +0 / -2 )

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