Nomura’s Akedo Sees Stock Drop Unless Investors Convinced

Japan’s Nikkei 225 Stock Average could fall about 20 percent to 12,000 if the government doesn’t do more to persuade investors its economic stimulus efforts will succeed, Nomura Holdings Inc.’s head of Japan equities said.

“Worldwide investors are breathlessly watching the future of Japan,” Norikazu Akedo, who oversees equity sales and trading at the nation’s largest brokerage, said in a Nov. 12 interview. “We want the government to send out strong messages to foreign and local investors.”