Mizho Bank confirms cut in cross-held shares
The President of Mizuho Financial Group, Yasuhiro Sato has confirmed the backing of his management team to reduce cross-shareholding with customer companies as he pushes forward to "facilitate internal reform".
TOKYO -- The management team of Mizuho Financial Group shares an understanding that the group should reduce cross-shareholdings with customer companies, the megabank's chairperson tells the Nikkei.

"President Yasuhiro Sato has a clear will, and outside directors have given him a supportive push forward," Hiroko Ota said in an interview Friday.