Nomura to Raise Pay for 4,000 Japan Staff to Spur Economy
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Nomura Holdings Inc., Japan’s biggest brokerage, will raise salaries for about 4,000 staff in the country as Prime Minister Shinzo Abe urges companies to help defeat deflation and sustain the economic recovery.
Base pay at the Nomura Securities Co. unit will climb an average 2 percent starting in April, the Tokyo-based firm said in a statement on its website today. The increases target younger employees, who are more likely to spend money and contribute to the world’s third-largest economy, it said.