Mizuho seeks growth of US$100b from overseas transaction banking

Tokyo

MIZUHO Financial Group Inc wants to grow its business managing overseas corporate money by US$100 billion this fiscal year, as it seeks new ways to boost international earnings at a time of negative interest rates at home.

"We're expanding with a focus on the cross-border transactions of non-Japanese corporations doing business in Asia," Zenichi Tanakamaru, a senior vice-president in Mizuho's global corporate department, said.