Business

Mizuho CEO to step down to take responsibility for system failures - Nikkei

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Mizuho Financial Group's Chief Executive Officer Tatsufumi Sakai attends an interview with Reuters at the company's headquarters in Tokyo, Japan August 20, 2018. Picture taken August 20, 2018. REUTERS/Toru Hanai

TOKYO, Nov 18 (Reuters) - Mizuho Financial Group (8411.T) Chief Executive Officer Tatsufumi Sakai intends to step down to take responsibility for a series of system failures this year, the Nikkei business daily reported on Thursday.

The banking group's nomination committee will start discussions to select a new management team, the Nikkei said.

When asked for comment, a Mizuho spokesperson said nothing has been decided.

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Reporting by Makiko Yamazaki; Editing by Kirsten Donovan

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