A senior executive at Nomura Holdings Inc. defended the Bank of Japan's decision to raise interest rates last week despite the turmoil it's causing in global equity markets.

BOJ's rate hike spurs market mayhem as Nomura takes historic tumble

Many major economies will hit recessions over the next 12 months amid a rise in the cost of living and tightening government policies, Nomura Holdings Inc has said in a report, according to Bloomberg.

Major economies to enter recession in the next 12 months: Report

To enhance employee health, Japan's largest brokerage company, Nomura, has advised its workers not to smoke during working hours, even if they work from home. The company released a memo stating that the new policy will take effect in October.

Japan firm asks staff not to smoke cigarettes even if working from home

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BOJ's rate hike spurs market mayhem as Nomura takes historic tumble

Major economies to enter recession in the next 12 months: Report

Japan firm asks staff not to smoke cigarettes even if working from home