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Japan's finance ministry on Friday ordered the banking arm of Mizuho Financial Group to take corrective measures over its breach of the country's foreign exchange law and submit prevention measures by mid-December. ....
2 minute read The chief executive of Japan s Mizuho Bank, Koji Fujiwara, will step down as early as this month to take responsibility for a series of technology problems this year, the Nikkei business daily said on Thursday, without citing sources. The Financial Services Agency (FSA) is considering issuing a business improvement order to the bank as soon as next week, the newspaper said, adding the bank s parent Mizuho Financial Group Inc (8411.T) was also considering a pay cut for its chief executive, Tatsufumi Sakai. A spokesperson for Mizuho said nothing had been decided. The FSA was not immediately available for comment outside of regular working hours. ....