Megabanks break glass ceiling for foreign managers

| Aug 28, 2014

Megabanks break glass ceiling for foreign managers

by Monami Yui

Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.’s headquarters, where ...

Jul 15, 2014

Number of female execs in banking industry increasing

Female executives are increasing in the nation’s banking industry even as Prime Minister Shinzo Abe is calling for better utilization of women in the workforce as part of the government’s growth strategy measures. “Diverse human resources hold the key to sustained corporate growth,” says ...

Mizuho to heed frontline troops

Jul 5, 2014

Mizuho to heed frontline troops

Mizuho Financial Group Inc.’s newly chairwoman says she wants to be receptive to the opinions of those running its frontline operations to boost the lender’s oversight structure in the wake of last year’s yakuza loan scandal. Hiroko Ota, who got the shareholders’ nod to ...

Jul 3, 2014

Japanese banks trail peers on dividend payouts

Japan’s biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. paid ...

Mizuho beats Nomura in bond sales as spreads sink

Jul 2, 2014

Mizuho beats Nomura in bond sales as spreads sink

Mizuho Financial Group Inc. overtook Nomura Holdings Inc. as the No. 1 underwriter of corporate bonds in the first six months as yield premiums on corporate debt fell to their lowest level in eight years. The nation’s third-largest bank by market value helped underwrite ...

Mizuho boss vows reforms after loan scandal

Jun 24, 2014

Mizuho boss vows reforms after loan scandal

The president of Mizuho Financial Group Inc. pledged Tuesday to improve corporate governance, including through the establishment of oversight committees, to prevent any more scandals involving loans to yakuza. “We will try to regain the public’s trust through renewed efforts to sever ties with ...

Cycling Sayama

Apr 5, 2014

Cycling Sayama

by Mark Schilling

A forested area bordering western Tokyo and Saitama Prefecture offers day-trippers a chance to experience the great outdoors on two wheels.

Feb 6, 2014

Nation's big banks beef up overseas presence with boosted lending

Japan’s big banks are increasing their presence abroad, mainly in Asia, by expanding overseas lending to meet brisk demand for funds. Profit margins from lending operations at home have narrowed due to prolonged ultralow interest rates, while relatively high earnings can be expected on ...