Paper: Japan to See IT Spending Spike
Overall, the sector spent $2.6 billion on IT in the year ending March 2007, up 15 percent from the previous year, which is a spike in growth compared with an average growth rate of 6 percent from 2004 to 2006, says Neil Katkov, group manager of Asia research at Celent, and author of the report. Japan's "big three" domestic institutions—Nomura, Daiwa and Nikko—accounted for half the amount spent from 2006 to 2007, he adds.
Due to market recovery of the past few years, which has followed 15 years
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