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Japan's Nomura ties up with regional bank Hyakujushi to boost wealth business

Reuters
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Japan 's largest securities firm has partnered with regional lender Hyakujushi Bank to boost its wealth management services.

Japan 's financial institutions have sought to develop their asset and wealth management businesses to generate income from the mammoth savings held by Japanese households.

The tie-up is set to begin before March 2027 and the impact on each firm's earnings is currently unclear.