Mizuho Financial Group eyes Asia!

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Mizuho Financial Group from Japan, the second largest lender there is looking to expand in the Asian region as lending in Japan has hit a stop sign. As early as April, they are looking to expand to South East Asian markets such as Myanmar, Laos and even Bangladesh. "We need to pay attention to these countries because they will become markets that cannot be ignored," Yasuhiro Sato, CEO of Mizuho Corporate Bank, said in an interview with Reuters. In addition, the bigger regions are not to be ignored, the group is also looking to expand in the India market and even the China market by opening more branches there in the near future too. The people in Asia are borrowing more cash to start their business and even expand it and loans like these can be very attractive in these up and coming markets.

The point being emphasized here is that companies, small or big ones in any industry are looking to expand but only in the Asian region mainly and this is what is making the region more competitive by the day. This example exemplifies the point, the bank is looking to expand and has chosen markets such as those in South East Asia, India and China in a way to get more business. We have seen how companies from outside Asia are moving into the region and how the companies here are not looking far to get more business too. Expect more of the same in the near future since the region is getting more connected and becoming solid as ever.

Source: http://www.sify.com

Image: OiMax
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