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The house of Nomura: The inside story of the world's most powerful company
The House of Nomura is the true story of a dynasty, and the tale told here is on an epic scale. The story begins in the nineteenth century with Tokushichi Nomura I, the bastard son of a noble family living in rural Japan and ends with insider trading and global political powerbroking in the late l980s.
It is the story of the creation of the most powerful company in the world, Nomura Securities, a firm so wealthy it could buy up every stockbroking house in London, merely with its own resources. Nomura’s stranglehold on Japan’s financial markets is so strong that Ministry of Finance officials consult the company on all major policy decisions. While the interests of Nomura are those of the Japanese government, its penetration of the US bond market is such that were Nomura to cease purchasing US treasury bonds, the American economy would be at grave risk.
The House of Nomura reveals how this frightening concentration of power has come about and how it is wielded in the interests of Japan. It also lays bare the incestuous links between politicians, stockbrokers, bureaucrats and businessmen — the very links that toppled the Japanese government in 1989.
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