The House of Nomura: The Inside Story of the Legendary Japanese Financial Dynasty [Hardcover]

Albert J. Alletzhauser (Author)

Editorial Reviews

From Library Journal

The house of Nomura is one of several large financial conglomerates (or zajbatsu ) which currently influence the Japanese and world business environment. Though Nomura is not a recognizable name in most parts of America, the financial assets controlled by the group are enormous. Alletzhauser, an American stockbroker who spent two years in Tokyo, tells the history of Nomura from its beginning in 1872 through two wars to its present-day stature as one of the most influential financial groups in the world. The story abounds with insights into Japanese society and culture, making it a thoroughly captivating experience for a wide range of readership.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1990 Reed Business Information, Inc.

Product Details

• Hardcover: 343 pages
• Publisher: Arcade Pub (May 1990)
• Language: English
• ISBN-10: 1559700890
• ISBN-13: 978-1559700894
• Product Dimensions: 9.3 x 6.3 x 1.4 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #2,113,420 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

4.0 out of 5 stars well researched, April 14, 2008

By 

Barrier Options (London School of Economics) - See all my reviews

This review is from: The House of Nomura: The Inside Story of the Legendary Japanese Financial Dynasty (Paperback)

it is a well researched book on the history of nomura. where it came from, by whom, how it developed...it is written in 1990 when nomura could buy up goldman sachs. it is outdated now but it is a good account of nomura history up to 1990. read it with the understanding that most info that the author could get is positive, that firm isn't as strong as the author described, especially now.

3.0 out of 5 stars Nearly a hagiography., November 4, 2002

By 

Luc REYNAERT (Beernem, Belgium) - See all my reviews
(REAL NAME)   

This review is from: The House of Nomura: The Inside Story of the Legendary Japanese Financial Dynasty (Hardcover)

The story of the biggest Japanese investment bank.
The development of this broker powerhouse was based on their door-to-door salesman: 'The pressure to generate stock-market orders is with a salesman every waking hour.' (p.191)
No orders, no commissions ... fired.
Good picture of the Japanese employee: a well paid slave, nearly without freedom or domestic life (see also the hilarious book by Amélie Nothomb 'Fear and Trembling').
Only 10% of the company's profits go to the employees, the other 90% to the directors, who spend fortunes on mistresses, official or not.
This book is not critical enough, although now and then it touches the other heart of the matter: churning of client accounts by overstressed salesmen, bribing of politicians and state officials, murky deals with underworld figures.
Interesting investigation but not the whole truth.