Can Japan’s megabanks ignore the devil's whisper
The CEOs speak out: Mitsubishi UFJ Financial Group
The CEOs speak out: Sumitomo Mitsui Financial Group
Mizuho Corporate bank hit the headlines when it invested $1.2 billion in Merrill Lynch in January. The group’s CEO was unavailable for comment, but Hidetake Nakamura, head of the corporate bank’s international division, stepped up. He discusses the Merrill Lynch deal in this month’s main feature on the megabanks; in this extended interview he talks about the Japanese banking recovery, the group’s other investments and Mizuho’s global objectives.
Before the so-called lost decade the Japanese banks were on the verge of becoming top global names. Most market participants agree that much ground has been recovered in the past 10 years, but how far do you think the recovery has really come?
It’s certainly important...
