Mizuho Financial Group, Inc. is a bank holding company which manages and engages in ancillary operations related to the management of its legally–owned subsidiaries as defined by the Japanese Banking Act.
Mizuho Financial Group, Inc., abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name “mizuho (瑞穂)” literally means “abundant rice” in Japanese and “harvest” in the figurative sense. Upon its founding, it was the largest bank in the world by assets.
It holds assets in excess of $1.8 trillion US dollars through its control of Mizuho Bank and other operating subsidiaries. The company’s combined holdings form the second largest financial services group in Japan. Its banking businesses rank second in Japan after Mitsubishi UFJ Financial Group and the 14th in the world by total assets as of December 2017. It is the 90th largest company in the world according to Forbes rankings as of May 2017. Its shares have a primary listing on the Tokyo Stock Exchange.
Mizuho offers a range of financial services, including banking, securities, trust and asset management services, employing more than 56,000 people throughout 880 offices.
Masayoshi Amamiya, the Bank of Japan executive governor, said that a CBDC may play a central role in interoperability between many emerging digital assets in the country.
After months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.
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