(Feb 27): Mizuho Financial Group Inc is planning to replace about 5,000 administrative jobs in Japan with artificial intelligence (AI) over the next 10 years, as the country’s third-largest lender tries to boost productivity. “We are planning to enhance our earnings capabilities by shifting human resources to our focus areas by fully utilising AI,” Mizuho said in a statement. Mizuho has about 15,000 clerical positions at its core banking units and other group companies, and affected employees will be transferred to other roles, the bank said. Global banks are heavily investing in AI to improve operations ranging from product development to risk management. JPMorgan Chase & Co spends about US$2 billion (RM7.78 billion) annually on developing AI technology, an investment that it says also saves about the same amount each year.

Source: The Edge Markets February 27, 2026 07:49 UTC