Nomura Securities Co. President Koji Nagai, left, speaks as Nomura Holdings Ltd. CEO Kenichi Watanabe scratches his forehead during a press conference in Tokyo Thursday, July 26, 2012. Watanabe ... more 
Nomura Securities Co. President Koji Nagai, left, speaks as Nomura Holdings Ltd. CEO Kenichi Watanabe scratches his forehead during a press conference in Tokyo Thursday, July 26, 2012. Watanabe announced his resignation in the wake of an insider trading scandal that has tarnished the reputation of Japan Inc. and its biggest investment bank. Watanabe will from Aug. 1 be replaced by Nagai. (AP Photo/Shizuo Kambayashi) less 
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Associated Press | Photo By Shizuo Kambayashi
Thu, Jul 26, 2012 8:11 AM EDT