{"id":234803,"date":"2018-03-29T07:28:20","date_gmt":"2018-03-29T05:28:20","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=234803"},"modified":"2018-03-29T07:28:20","modified_gmt":"2018-03-29T05:28:20","slug":"japans-biggest-brokerage-to-hire-fewer-graduates-as-it-seeks-to-use-robotics","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/technology\/234803\/japans-biggest-brokerage-to-hire-fewer-graduates-as-it-seeks-to-use-robotics\/","title":{"rendered":"Japan&#8217;s biggest brokerage to hire fewer graduates as it seeks to use robotics"},"content":{"rendered":"<div class=\"article-content\">\n<p>Nomura Holdings Inc\u2019s drive toward automation is taking a toll on the career prospects of graduates who want to work in Japan\u2019s securities industry.<\/p>\n<p>The nation\u2019s biggest brokerage plans to hire 530 school-leavers in 2019, the fewest in five years, as it seeks to use robotics and artificial intelligence to cut costs, according to Kenji Yamashita, a Tokyo based-spokesman. At least 600 will join Nomura in April, and many of them will work in retail branches.<\/p>\n<p>Nomura is planning to save about 60 billion yen ($560 million) over the next five years by using digital and cloud technology and reviewing office space, chief executive officer Koji Nagai told investors in November.<\/p>\n<p>This week, the securities firm said it improved its robo-adviser product for individual investors, and announced a tie-up with mobile chat operator Line Corp. to provide online brokerage services.<\/p>\n<p>Nomura is also refraining from increasing base salaries for graduates next fiscal year for the first time in five years, Bloomberg reported in February.<\/p>\n<p>That\u2019s in contrast with rivals including SMBC Nikko Securities Inc, Mitsubishi UFJ Morgan Stanley Securities Co and Mizuho Securities Co, which have announced pay rises.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/technology\/220583\/how-many-south-africans-could-lose-their-jobs-to-robots-in-the-next-7-years-and-which-skills-are-safer\/\" target=\"_blank\" rel=\"noopener\">How many South Africans could lose their jobs to robots in the next 7 years \u2013 and which skills are safer<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nomura Holdings Inc\u2019s drive toward automation is taking a toll on the career prospects of graduates who want to work in Japan\u2019s securities industry.<\/p>\n","protected":false},"author":59,"featured_media":82533,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9878],"tags":[6722],"class_list":["post-234803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nomura"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/234803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=234803"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/234803\/revisions"}],"predecessor-version":[{"id":234809,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/234803\/revisions\/234809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/82533"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=234803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=234803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=234803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}