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4-Traders Homepage  >  Equities  >  Tokyo  >  Mizuho Financial Group, Inc.    8411   JP3885780001

MIZUHO FINANCIAL GROUP, INC. (8411)
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Mizuho Financial Gr. : Japan bank lobby head: no problem with Tibor structure

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07/19/2012 | 10:00am CEST

TOKYO (Reuters) - The head of Japan's banking industry lobby said on Thursday he does not see any particular problem with the structure of how the Tokyo interbank offered rate, known as Tibor, is decided.

Yasuhiro Sato, chairman of the Japanese Bankers and president of Mizuho Financial Group, also said at a regular news conference he did not believe Japanese banks were involved in the manipulation of the London interbank offered rate, Libor.

Confidence in Libor, a benchmark that underpins transactions worth trillions of dollars, has been shaken by revelations that bankers manipulated the rate to profit on trades and hide their own borrowing costs during the 2007-09 financial crisis.

The Japanese banking lobby has asked the 18 banks contributing to Tibor to check whether proper procedures are being followed in submitting rates.

"We don't think there's any problem with (Tibor), but we decided on a check given growing public interest in Libor," the association's director, Shin Takagi, told a meeting of ruling party lawmakers on Thursday.

(Reporting by Taiga Uranaka; Editing by Michael Watson)

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Financials ( JPY)
Sales 2019 3 540 B
EBIT 2019 534 B
Net income 2019 527 B
Debt 2019 -
Yield 2019 3,70%
P/E ratio 2019 9,79
P/E ratio 2020 9,90
Capi. / Sales 2019 1,46x
Capi. / Sales 2020 1,77x
Capitalization 5 151 B
Chart MIZUHO FINANCIAL GROUP, IN
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Mizuho Financial Group, In Technical Analysis Chart | 8411 | JP3885780001 | 4-Traders
Technical analysis trends MIZUHO FINANCIAL GROUP, IN
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 208  JPY
Spread / Average Target 2,7%
EPS Revisions
Managers
NameTitle
Yasuhiro Sato President, Group CEO & Director
Daisaku Abe COO, Chief Information Officer & EVP
Mitsuo Ohashi Outside Director
Ryusuke Aya Director & Chief Risk Officer
Hiroko Ota Independent Outside Director
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