Japan Press Weekly

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2013 July 3 - 9 [ECONOMY]

Directors of major securities firms get higher remunerations thanks to ‘Abenomics’

The number of two major securities companies’ directors who received more than 100 million yen in compensation has increased to ten in FY 2012 from two in the previous year as Abenomics-induced high stock prices improved their business performances, Akahata reported on July 7.

This fact came out in financial statements released by the two firms on June 27. Nomura Holdings, Inc., the largest securities company in Japan, in FY 2012 gave remunerations of over 100 million yen to five top officers, up from two in the previous year. Of them, the highest earner was CEO Nagai Koji who received 166 million yen.

In Daiwa Securities Group Inc., five executives received more than 100 million yen in compensation in FY 2012, whereas no officer earned that much in FY 2011. CEO Hibino Takashi was paid the highest amount, 215 million yen.

Top officers of large securities companies are enjoying the fruits of the “Abenomics” economic policy while the general public are left out in the cold.

Nomura and Daiwa in 2011 donated five million yen and seven million yen respectively to the Liberal Democratic Party’s political fund organization.