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Mizuho to expand U.S. investment banking business: chief

Employees, earnings more than doubled in decade but market has room to grow, Kihara says

Night falls over Manhattan. Mizuho Financial Group thinks the U.S. market has room for growth despite inflation pressures.   © Reuters

WASHINGTON -- Mizuho Financial Group will expand its investment banking in the American market, President Masahiro Kihara tells Nikkei in an interview, seeing growth potential even as the Japanese lender works to mitigate risks from elevated U.S. inflation and interest rates.

"Many financial institutions, especially American ones, share the view that the U.S. will enter into a recession as early as 2023," said Kihara, who spoke Saturday while visiting Washington for an international conference. "But consumers and corporations are financially sound, and few people are saying that we will fall into a deep recession of the kind that followed the [2008] Lehman crisis."

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