Nomura, Credit Suisse diverge on IR timetable

Nomura is pessimistic the current Diet session will find the time to push through the IR bill by the end of the current session, giving it only a 50/50 chance, according to a Barron’s report.  In a best case scenario, the Japanese brokerage said it expects shovels in the ground in Q4, 2016 and added it’s unlikely that there will be enough time to fully develop a resort in time for the Olympics. It did say a project in a rural location may manage to open by 2020, even if not fully completed. Credit Suisse on the other hand says it is fully confident the bill will pass and casino resorts will be ready for the Games.

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