International -- Corrections & Clarifications
"Nomura's comeback" (Finance, Apr. 7, 2003)
"Nomura's comeback" (Finance, Apr. 7) -- about the return to prominence in Japan of Nomura Holdings -- stated that Merrill Lynch & Co. "closed up shop in Japan last year," a reference to the retail branch network that Merrill had purchased from Yamaichi Securities Co. in 1998 in a bid to challenge Nomura.
Merrill notes that it retains a significant presence throughout Japan in investment banking, investment management, and wealth-management operations. Merrill Lynch services for private clients, the firm says, include 120 financial advisers in three offices and are solidly profitable.
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