Mizuho Financial Group Inc. is ready to deploy “several billion dollars” in riskier funding to companies that need more capital to cope with the fallout from the coronavirus outbreak, its chief executive has said.
Japan’s third-largest bank is in talks with corporate clients to provide financing via subordinated loans and purchases of preferred shares totaling more than ¥100 billion ($930 million), and is prepared to supply several times more, Chief Executive Officer Tatsufumi Sakai said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.