
Business / Corporate Mar 6, 2019
Mizuho's surprise $6.1 billion charge exemplifies risks for Japan banks seeking returns abroad
by Yuki Hagiwara and Gareth Allan
Mizuho Financial Group Inc. announced another round of losses Wednesday on its foreign-bond holdings as part of a surprise writedown that will severely curtail full-year profit, as Japanese banks' quest to secure yield by investing overseas continues to create turbulence. Mizuho slashed its net income ...