Yunosuke Ikeda

Managing Director, Head of Macro Research, Japan, Nomura Securities Co., Ltd.

Yunosuke Ikeda is Nomura’s Managing Director and Head of Macro Research, Japan. He has specialized in research from a macroeconomic perspective on Japan’s economy, global FX markets, and equity markets since 1995, when he joined Nomura Research Institute.

In his prior role as Chief Equity Strategist, Mr. Ikeda launched the “Revisit Japan” research series, in which Nomura’s economists/strategists/sector analysts jointly discussed how post-pandemic Japan emerged from multi-decade stagnation. As Chief FX strategist, he enhanced quantitative FX analyses, by developing the Nomura Yen Supply-Demand Index, a comprehensive metric to assess Japan-oriented money flows.

He strives to predict the next market themes that are hard to forecast from data alone, by leveraging ties with global investors cultivated during his five years working in London.

He graduated from the University of Tokyo with a bachelor’s degree in Economics in 1995. He gained an MBA from the University of Rochester’s Simon Business School (US) in 2003.

Brief Personal History

  • Mar-1995 Graduated from the University of Tokyo
  • Apr-1995 Joined Nomura Research Institute, Economist on Japan Economy
  • Jun-2003 Graduated from the University of Rochester Business School (MBA)
  • Oct-2003 Economist, Nomura International (London)
  • Jun-2006 Senior Economist, Nomura International (London)
  • Apr-2008 Senior Economist, Nomura Securities Economic Research Dept. (Currency
    Exchange Officer)
  • Mar-2009 Senior FX Strategist, Financial Markets Research Department
  • Aug-2011 Chief FX Strategist, Japan
  • Aug-2018 Market Strategy Research Dept.’s Head of FX Strategy, Japan
  • Aug-2019 Chief Equity Strategist, Japan
  • Apr-2021 Head of Market Strategy Dept. / Chief Equity Strategist, Japan
  • Apr-2024 Head of Macro Research, Japan