Mizuho Financial Group is planning to replace about 5,000 administrative jobs in Japan with artificial intelligence over the next 10 years, a move to boost productivity that it insists is “not a headcount reduction.”
https://www.japantimes.co.jp/business/2026/02/27/companies/mizuho-clerical-jobs-ai/?utm_medium=Social&utm_source=mastodon #business #companies #banks #mizuho #ai #jobs
Mizuho plans to replace 5,000 clerical jobs with AI in 10 years
Japan’s third-largest lender insists the move is “not a headcount reduction.”
The Japan Times
Japan's Rapidus receives another ¥267.6 billion in funding
The government now controls 11.5% of the chipmaker, and that figure reaches up to 40% if nonvoting shares are converted.
The Japan TimesShopify’s strong Q4 results prompted Mizuho and TD Cowen to upgrade their outlooks, citing AI as a structural tailwind rather than a threat, despite recent share price declines.
#YonhapInfomax #Shopify #AI #Q4Earnings #Mizuho #TDCowen #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=105376
AI Seen as Tailwind, Not Threat—Shopify Earnings Beat Spurs Wall Street Upgrades
Shopify’s strong Q4 results prompted Mizuho and TD Cowen to upgrade their outlooks, citing AI as a structural tailwind rather than a threat, despite recent share price declines.
Yonhap InfomaxSeveral senior loan bankers at Mizuho and SMBC have left their roles in Asia, amid a slump in lending across the region that’s already prompted departures at other firms in recent months.
https://www.japantimes.co.jp/business/2026/01/14/companies/senior-loan-bankers-leave-japan-megabanks/?utm_medium=Social&utm_source=mastodon #business #companies #mizuho #sumitomomitsui #asia #banks
Senior loan bankers depart Mizuho and SMBC after Asia volumes slump
Asia’s offshore loan market has been weighed down by elevated dollar interest rates, geopolitical risks and heightened competition among global lenders as deal flow dwindles.
The Japan TimesFour major Japanese banks will raise their annual interest rates on ordinary deposits to 0.3% from the current 0.2%, effective Feb. 2, 2026, following the Bank of Japan's latest rate hike decision.
https://www.japantimes.co.jp/business/2025/12/20/major-banks-interest-rate-increase/?utm_medium=Social&utm_source=mastodon #business #mufg #sumitomomitsui #mizuho #banks #boj #inflation
Four major Japanese banks to hike ordinary deposit interest rates
The four banks are MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and Sumitomo Mitsui Trust Bank.
The Japan Times
Mizuho Says Robinhood Better Positioned Than Coinbase in Prediction Markets
Japanese investment bank Mizuho projects Robinhood will benefit more than Coinbase from prediction market growth, citing user survey data and raising Robinhood's revenue outlook.
Yonhap Infomax
Three megabanks eye loans of up to ¥2 trillion to Rapidus
The injection of such funds is expected to boost the firm's planned mass production of cutting-edge chips, which requires a large amount of money.
The Japan Times