Mizuho Financial Group

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Mizuho Financial Group
Mizuho logo.jpg
Founded 2002
Headquarters Tokyo, Japan
Key People Tatsufumi Sakai, President and CEO
Products Financial services; advisory services, custody services, banking, investment services, corporate finance, asset management
Twitter @mizuho_promo
LinkedIn Profile
Facebook Page
Website Mizuho Bank Home

Mizuho Financial Group is a large Japanese financial services corporation. Its services include corporate and investment banking, advisory services, custody services, securities, and asset management. It is the parent of Mizuho Bank, a major Japanese bank.[1]

The group had total assets of $1.7 trillion as of April 2023.[2]

It operates through the following segments: Mizuho Bank Ltd. (MHKB), Mizuho Trust & Banking Co., Ltd. (MHTB), and Mizuho Securities Co., Ltd. (MHSC). The Mizuho Bank segment includes personal, retail, corporate, international banking, financial institutions, public sector, and trading services. The Mizuho Trust & Banking Co. provides services related to trust, real estate, securitization, structured finance, pension and asset management, and stock transfer agency. The Mizuho Securities Co. offers security services to individuals, corporations, financial institutions and public sector entities.[3]


Cryptocurrency[edit]

In February 2019, Muzuho Financial announced that after three years of tests, it would release its own digital payment, J-Coin, a stablecoin pegged to the Japanese yen. It can be used to settle digital payments and remittances. The company partnered with 60 Japanese firms, all of which will have their own wallets capable of storing J-Coin. The app launched on March 1, 2019.[4]

To make payments, clients use the "J-Coin Pay" smartphone-based app to pay for goods and services, scanning a QR code that charges their J-Coin accounts. Users will reportedly be able to transfer money from a J-Coin wallet to a bank free of charge. According to a news story by Nikkei Asian Review, signing up for a J-Coin account will require less screening than would normally be required for a credit card.[5][6]


References[edit]