Japan banks pivot from loans to investment in green, digital ventures

As cross-shareholdings unwound, Mizuho and MUFG offer wider-ranging support

20230216N Mizuho MUFG

Mizuho Bank and MUFG Bank look to offer business planning, financial services and other support to investees. © Reuters

SHIORI GOSO, Nikkei staff writer

TOKYO -- Leading Japanese financial institutions are investing in businesses expanding into fields such as decarbonization and digital technology, offering more active support in lieu of passive cross-shareholdings.

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