Mizuho Bank Prepares for Potential US Economic Turbulence with US Treasuries
MFGMizuho Financial Group(MFG) Gurufocus·2024-10-09 14:10

As US inflation shows signs of slowing, the prediction of a "soft landing" for the economy has become a prevalent view on Wall Street. However, Japan's third-largest bank, Mizuho, warns that if this prediction proves wrong, it could lead to short-term market volatility. To brace for this, Mizuho is stockpiling easily sellable assets like US Treasuries. Kenya Koshimizu, Co-Head of Global Markets at Mizuho, has expressed concerns over the market's confidence in US policymakers' ability to curb inflation witho ...