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Nomura Should Focus More on Japan Business: Morningstar's Makdad

Apr.26 -- Michael Makdad, senior equity analyst Morningstar, talks about Nomura Holdings Inc.'s results and outlook. Nomura barely eked out a fourth-quarter profit amid weakness in both retail and wholesale business, underscoring why Japan’s biggest brokerage is embarking on another round of cost cuts. Net income dropped 96 percent. Tateno speaks on "Bloomberg Daybreak: Asia."
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