Clouds lifting for Japan's banks as negative rates stay put

/ Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings.Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from a ...

/ Jul 29, 2016

Mizuho profit slides 16% on negative interest rate

Mizuho Financial Group, the nation’s second-largest lender, said first-quarter profit dropped 16 percent, as Japan’s negative interest rate hit income from loans and investments and failed to stoke broader borrowing.Mizuho said Friday that April-June net profit fell to ¥132.6 billion ($1.28 billion) from ¥158 ...

Feb 25, 2016

Mizuho union follows rivals in seeking no pay hike

The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year’s wage talks, given that the banking group has taken a battering from the central bank’s negative interest policy, sources said.The union plans to gain members’ ...

Mizuho introduces SoftBank's Pepper robot to Tokyo bank branch

/ Jul 17, 2015

Mizuho introduces SoftBank's Pepper robot to Tokyo bank branch

Mizuho Financial Group Inc. introduced SoftBank Group Corp.’s Pepper robot to its flagship branch in central Tokyo on Friday.The 121-cm-tall humanoid will entertain customers with games and multimedia and provide basic information on products. The bank plans to add its robot employee to five ...

Dec 9, 2014

Mizuho takes a leap into the deal business

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Mizuho Financial Group Inc. will join two U.S. banks in partly financing a $66 billion acquisition in the U.S. pharmaceutical industry, its president said recently, describing the move as the banking group’s leap into the deal business.Mizuho, Japan’s second-largest lender by assets, will extend ...