Mizuho sees 1st red ink in 6 years

Mizuho sees 1st red ink in 6 years

TOKYO, Japan - Mizuho Financial Group Inc. President Takashi Tsukamoto speaks at a news conference in Tokyo on May 15. He said the company incurred a group net loss of 588.81 billion yen in fiscal 2008, falling into the red for the first time in six years, as bad-loan disposal costs and losses from equity investments surged amid the global financial crisis. (Kyodo)

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