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Mizuho Corporate Bank, a unit of Mizuho Financial, said acquisition financing for non-Japanese companies was likely to drive its overseas loan growth this year.
The Football League's 72 clubs meet tomorrow in Vilamoura, Portugal, where they are expected to bring the overseas loan player rules into line with the domestic regulations.
Football League clubs are tomorrow set to impose tough new restrictions on overseas loan players following Watford's exploitation of the system last season.
Caught in a vise of shrinking revenue and stubbornly high public spending, the Caymans averted a fiscal crisis this week by securing a $60 million overseas loan.
Even so, after stockpiling more than $36 billion in loss reserves, the bank reduced the money it set aside to cover future losses by $53 million as a result of the improvement in its overseas loan portfolio.
But the forecasts for record growth in the overseas loan books of Japan's biggest banks was not enough to offset the decline in their home market, which still accounts for 70 percent to 80 percent of their profits.
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Mitsubishi UFJ Financial Group does not disclose data on dollar-based overseas loans.
"The driver will be overseas loans, so we need to see how banks can increase volume in overseas loans.
Some have little experience in international banking, yet they are taking on overseas loans.
Right-wing Labor distrusted such a policy; radicals would have gone further by renouncing interest payment on overseas loans.
The finance ministry has chipped in by raising taxes on consumer credit, foreign bond issues, and on overseas loans and derivatives' margins.
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