Japan's Mizuho Bank to shore up startup financing, says CEO Kato

Japan's Mizuho Bank to shore up startup financing, says CEO Kato

Pedestrians are reflected in the logo of Mizuho Financial Group outside a Mizuho Bank Ltd branch in Tokyo, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Mizuho Financial Group’s main banking unit plans to boost financing for startup firms, its chief executive said, aiming at addressing Japan’s scarcity of valuable new companies.

“We view our business with startups as crucial, because we want to drive changes in Japan,” Masahiko Kato, the new chief executive of Mizuho Bank, told Reuters in an interview.

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