The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Una Galani

HONG KONG, April 24 (Reuters Breakingviews) - The $26 bln bank is catching up with Japan’s reflation and is now trading at book value. Investor worries about it stumbling into another embarrassing drama are fading. That gives CEO Kentaro Okuda a chance to propel the stock further by juicing the return on equity target.

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CONTEXT NEWS

Nomura Holdings, Japan’s biggest brokerage and investment bank, on April 24 reported a net profit of 73.9 billion yen ($462.8 million) for the three months to the end of March, a 3% increase from the same period in the previous year.