Established on April 1, 2004, Nomura Institute of Capital Markets Research (NICMR) builds on a tradition begun in 1965 of studying financial and capital markets as well as financial institution systems, structures, and trends. We produce original research and policy proposals by specialists based upon actual business experience.

It is widely recognized that Japan must continue to establish a market-driven money-flow in order for the country's economy to further develop. Our core mission is to contribute to financial system and securities markets reforms in order to help establish such a market-structured financial system.

NICMR research encompasses not only Japanese issues, but also covers timely issues concerning capital markets of other developed countries. Our mission includes generating financial and capital market-related policy recommendations for China and other developing nations based upon fundamental analysis and comparative studies of market experience in Japan and other developed countries. NICMR publishes research outputs in a quarterly magazine, Nomura Capital Markets Quarterly (Japanese language publication) and its website (Japanese, English and Chinese-language), both domestic and internationally.