A man walks past a Nomura Securities Co. branch in Tokyo, Japan, on Tuesday, Nov. 1, 2011. Nomura Holdings Inc. swung to a bigger-than-estimated quarterly loss, its first in more than two years, and said it will accelerate cost cuts as income from trading and investment banking declined. Photographer: Kiyoshi Ota/Bloomberg
| Kiyoshi Ota/Bloomberg
Nomura Securities Co. is the undisputed champion of Japanese investment research, according to participants in Institutional Investor's 19th annual All-Japan Research Team survey.
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