Nikko Citi Holdings Inc., the holding company for Citigroup Inc.'s Japanese operations, said it has no plans to sell any of its core operations, including brokerage units such as Nikko Cordial Securities and Nikko Citigroup.

The New York parent company remains strongly committed to the Japanese market and will continue to offer services based on the universal banking business model, Nikko Citi said Tuesday.

So far Nikko Citi has not discussed news reports that it plans to sell a trust banking unit. Other reports have included the possibility that other parts of the Japanese holding company will be sold.

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