Japanese banks stick with SoftBank despite WeWork woes

Main lender Mizuho says it will "share risk with business partner"

20191114 Japanese Megabank and SoftBank

Japan's three biggest banks are major backers of Softbank Group and its chairman and CEO Masayoshi Son. (Nikkei Montage/ Source photo by Ken Kobayashi)

MITSURU OBE, Nikkei staff writer

TOKYO -- Japan's three biggest banks, which together hold $13 billion of SoftBank Group debt on their balance sheets, are sticking with the Japanese technology company despite its massive investment losses as rock-bottom interest rates push them toward corporate deals and overseas lending.

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