What is the relationship with the Nomura Research Institute and the Financial & Economic Research Center?
Established in April 2004 and staffed largely by former members of the Nomura Research Institute’s Capital Market Research Department, whose tradition of research it intends to continue, the Institute is an independent member of the Nomura Group with no financial or personal connections with the Nomura Research Institute. Nomura Securities, the company at the center of the Nomura Group, has its own research department, the Financial & Economic Research Center, which conducts research on individual sectors and companies, the economy as a whole, and financial engineering as part of the operations of a securities company. The Institute, on the other hand, maintains a certain distance from the day-to-day business of the securities industry and studies developments on the securities markets from an independent perspective. Although, like FERC, it is part of the Nomura Group’s research operations, it is a separate organization with its own views.
