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NOMURA/
RTR1YYLA 
March 31, 2008 
Nomura Holdings president Kenichi Watanabe speaks during an interview at Nomura's offices in Tokyo March... 
Tokyo, Japan 
Nomura Holdings president Watanabe speaks during an interview at Nomura's offices in Tokyo 
Nomura Holdings president Kenichi Watanabe speaks during an interview at Nomura's offices in Tokyo March 31, 2008. The new head of Japanese investment bank Nomura Holdings expects the financial industry to suffer further subprime-related losses and says a recovery from the crisis won't come until next year. REUTERS/Michael Caronna (JAPAN) 
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