Although Japan managed to recover from the March 2011 natural disasters, domestic political risks and competition coupled with volatility of the global economy will hinder the nation’s and its banking sector’s recovery.
Japanese mega-bank Mizuho’s desperation to shake its accident prone image and prevent a third systems failure has forced it to lay down plans to finally enter the new millennium.
The March 11th earthquake and tsunami in northeast Japan will cost $235 billion in economic damage and may claim Mizuho Financial Group as its key corporate victim.
