Mizuho and Rakuten's advisory venture targets $360 million in assets by 2029
Cătălin Roșioru
TOKYO :The financial advisory joint venture of the securities arms of Mizuho Financial Group and Rakuten Group is aiming to reach 50 billion yen ($357 million) in customer assets in its first five years of operations, its chief executive said. The venture is tapping into growing demand for wealth management services in Japan as inflation eats into savings and the government encourages investment of household assets, of which around half lie in cash and deposits. Recent market volatility has
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