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December 22, 2024
 

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MIZUHO

Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are enjoying record earnings and they are determined to fund overseas expansion.
BUSINESS / Companies
Dec 10, 2024
Japan's megabanks are flush with cash and hunting overseas deals
The primary focus is on the U.S. and India, respectively the world’s largest economy and the fastest-growing.
The Adani Group headquarters in Ahmedabad, India
BUSINESS / Companies
Nov 29, 2024
Japanese banks stick with Adani as Jefferies and Barclays review ties
Gautam Adani and others have been charged with plotting a $250 million scheme to bribe India government officials to win solar energy contracts.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024
Japan’s biggest banks raise profit goals, unveil buybacks
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
Rakuten's sale of 15% stake in its credit card arm to Mizuho Financial Group would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter.
BUSINESS / Companies
Nov 14, 2024
Rakuten sells Mizuho 15% of credit card arm for ¥165 billion
The sale would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter, Rakuten said in a statement Wednesday.
To lessen the impact from any shocks, including a U.S. economic slump, Mizuho has been buying Treasurys and other assets that are easier to sell or hedge against price falls.
BUSINESS / Companies
Oct 9, 2024
Mizuho choosing liquid assets, bracing for risk of failed U.S. soft landing
Market participants appear overconfident that U.S. policymakers will be able to tame inflation without causing a recession, the bank's co-head of global markets has said.
Four Japanese private-sector banks including MUFG Bank will participate in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements.
BUSINESS
Sep 23, 2024
Four Japanese banks participate in digital currency project
MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and SBI Shinsei Bank will participate in the project.
NEC employees attend a Japan Asset Management seminar to learn about building up financial assets.
BUSINESS / Companies / FOCUS
Jul 29, 2024
Japanese firms helping employees build up financial assets
Companies are inviting financial experts to guide employees on managing their pension plans and provide insights into the revamped NISA.
With the Bank of Japan seen raising rates this year, there are heightened expectations that banks’ profitability will improve.
BUSINESS / Companies
Jul 26, 2024
Expectations high for Japan’s bank results to spur stock rally
Japanese lenders are set to report quarterly results that for the first time fully reflect the end of negative rates next week.
Mizuho Securities is starting a fund to create opportunities for third-party investment into Japan's animation film sector that has created globally popular works such as "Demon Slayer."
BUSINESS / Companies
Jul 17, 2024
Mizuho fund to invest in Japan’s popular but cash-needing anime scene
For investors, Mizuho's fund will be an opportunity to park their money in a sector famous for works like "Demon Slayer."
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
Masahiko Kato, president and chief executive officer of Mizuho Bank
BUSINESS / Companies
Jul 3, 2024
Mizuho seeks to back more strategic deals by Japan’s mid-caps
Though companies such as automakers grab the attention of global investors, smaller firms dominate in terms of the number of companies in Japan.
Mizuho Financial Group is seeking to develop its business in Europe, the Middle East and Africa.
BUSINESS / Companies
Jul 3, 2024
Mizuho hires ex-OTPP executive Karen Frank as senior adviser for EMEA business
Her appointment will likely be announced in the coming days, sources said, asking not to be identified discussing confidential information.
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
BUSINESS / Companies
Jun 25, 2024
Mizuho hiring bankers for U.S. expansion after Greenhill takeover
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
Japan's banks are benefiting from the Bank of Japan's policy shift and strong loan demand among their corporate clients.
BUSINESS / Companies
May 15, 2024
Japan’s biggest banks forecast record profits as rates rise
The banks are benefiting from an earnings boost following the Bank of Japan’s policy shift in March.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024
Nomura and Mizuho face losses after fund’s failed trades
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
The plaintiff in the case against Mizuho Bank had sought about ¥33 million in damages, including wages he should have received.
JAPAN / Crime & Legal
Apr 24, 2024
Mizuho ordered to pay ¥3.3 million to ex-employee over labor dispute
The bank had — citing problematic behavior — told him to stay home at reduced pay without any work for five years.
Signage for MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking in Tokyo. A coalition of climate groups filed shareholder proposals with the three banks calling for stricter board oversight of climate-related risks.
BUSINESS / Companies
Apr 15, 2024
Climate investors target board oversight of top Japan banks: sources
The proposal marks the first time climate groups have targeted bank boards as a way to pressure the lenders on climate change.
Noriyuki Sato, head of asset management at Mizuho Financial Group, says the bank plans to ramp up its expansion into private markets.
BUSINESS / Companies
Jan 18, 2024
Mizuho considers U.S. deal to supercharge private markets growth
The lender’s $460 billion money-management arm is considering buying a stake in a U.S. or European firm specializing in alternative investments.
Kei Umeda, CEO of Mizuho Trust & Banking, speaks during an interview in Tokyo on Nov. 27.
BUSINESS
Dec 5, 2023
Mizuho sees firms scrambling to meet TSE's capital efficiency call
In January the Tokyo bourse will start publishing a list of companies that have disclosed action plans in line with its call to improve use of capital.
Mizuho Financial Group is seeking to establish a securities company in China.
BUSINESS / Companies
Nov 23, 2023
Japan's Mizuho applies to set up securities company in China
The application comes as the bank is hoping to tap China's lucrative capital markets fee pool, the largest after the United States and Europe.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.

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