Japan Labor Situation Improving

Nomura Holdings Inc. and Daiwa Securities Group Inc. hired the most university graduates in four years, leading a resurgence in recruitment by Japanese brokerages as the economic outlook improves.

Buoyed by the stock market’s climb to a four-year high, Japan’s biggest investment banks are adding students fresh out of school to bolster retail operations even as they cut resources abroad. Companies are less pessimistic about the economy as Prime Minister Shinzo Abe leads efforts to end deflation, the Bank of Japan (8301)’s Tankan survey showed today.

“The hiring increase shows the worst is over and the business environment in banking is getting better,” said Katsunobu Komizo, president at Executive Search Partners Co., Japan’s biggest recruitment firm focusing on banks.

The country’s seven largest brokerages increased graduate recruitment by 6 percent to 2,150 in total this year, according to company data compiled by Bloomberg.

Bloomberg

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