(Bloomberg) -- Nomura Holdings Inc., Japan’s biggest brokerage, lifted its 2009 earnings forecast for the nation’s companies, citing the improved business climate. Stocks in the Nomura 400 index, excluding financial companies, will probably post an 11 percent decline in operating profit this fiscal year, compared with the 15 percent retreat the brokerage had forecast earlier, Takashi Ito and Tetsuya Hasegawa, strategists at Tokyo-based Nomura, wrote in a report today. They estimate sales will fall 12 percent, little changed from the previous projection.
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