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Nomura’s Japan staff to get bigger pay increases

  Bloomberg Nomura Holdings will give its employees in Japan bigger pay raises starting in April, citing intensifying competition for talent and faster inflation. Employees excluding executives will get a slightly larger raise than the roughly 3% average of the past few years, Japan’s largest brokerage said in a statement on Tuesday. A growing number of Japanese firms have signalled ...

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Japan stepped into forex market twice in October

  Bloomberg Japan stepped into the foreign exchange market three times in total last year, according to a fuller picture of the government’s latest intervention strategy to counter the yen’s historic fall. The Ministry of Finance conducted currency interventions on October 21 and 24, according to the daily operational report for the quarter ended December released by the ministry on ...

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Morgan Stanley appoints two new senior investment bankers in S’pore

  Bloomberg Morgan Stanley has appointed two senior investment bankers in Singapore to new roles as it beefs up its Southeast Asia franchise. Ronald Ong has been named chairman of Southeast Asia, according to a memo seen by Bloomberg News. David Aronovitch becomes chief executive officer of the region, overseeing businesses including investment banking, the memo shows. A spokesperson for ...

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