Japan's Mizuho to invest $600m more in online brokerage Rakuten Securities

Japan's Mizuho to invest $600m more in online brokerage Rakuten Securities

A logo of Mizuho bank, belonging to Mizuho Financial Group, is seen at its branch in Tokyo January 29, 2013. Picture taken January 29, 2013. REUTERS/Shohei Miyano/File Photo

Japan’s Mizuho Financial Group aims to increase its stake in online brokerage Rakuten Securities to nearly 50% with an expected investment amount of 90 billion yen ($596.38 million), the Nikkei business daily reported on Thursday.

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