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Meanwhile, many banks were reluctant to act as bond brokers, but Nomura, believing in the social importance of popularizing the bond market, did not hesitate and Kataoka was listed as a broker from the start. In line with this development, the Securities Section of the Osaka Nomura Bank was upgraded to department status. Kataoka himself served as the Securities Department's first head. Nomura was now fully committed to the bond business.
