Outline of Banks in Japan
There are around 200 banks in Japan. The Bank of Japan, the nation’s national bank, was built up in 1882 to control the residential cash supply and fill in as the moneylender of final depend on the banks in Japan. The Japanese keeping money framework comprises of:
Locally authorized banks – City banks, Regional banks, and Trust banks
As per Moody’s, the standpoint for the Japanese managing an account framework is steady, as the banks’ working condition, resource hazard and liquidity are relied upon to exceed the weight on household gainfulness from the Bank of Japan’s negative loan fee arrangement (NIRP).
For anybody thinking about a profession in managing an account in Japan, this rundown is a useful guide on where to begin. To take in more, see our arrangements of monetary establishments.
The best banks in Japan are:
Mitsubishi UFJ Financial Group
Established in 1880, Mitsubishi Group is headquartered in Chiyoda, Tokyo. The bank utilizes around 140,000 staff and serves 12 million clients. It works through its Retail Banking Business Group, Corporate Banking Business Group, Trust Assets Business Group, and Global Business Group fragments. It has 1,200 areas in around 50 nations.
In 2016, the gathering detailed aggregate resources of US$2,901 billion and aggregate wage of US$14 billion.
Japan Post Bank
Japan Post Bank was made in 2006 and is situated in Chiyoda, Tokyo. The bank gives different saving money items and administrations to retail and corporate customers in Japan and different nations. It utilizes around 13,000 people and works through 234 branches and 23,879 post workplaces.
Starting at 2016, the aggregate resources of the bank were US$714.4 billion and aggregate pay was US$3 billion.
Mizuho Financial Group
Built up in 2003, Mizuho Financial Group gives managing an account and money related administrations in Japan, the Americas, Europe, and Asia/Oceania. The bank works through different business fragments, including the Retail and Business Banking Company, Corporate and Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company. Headquartered in Chiyoda, Tokyo, the bank’s workforce involves around 60,000 representatives.
Starting at 2016, the bank’s aggregate resources added up to US$400 billion and net benefit achieved US$5 billion.
Sumitomo Mitsui Financial Group
Established in 2002, Sumitomo Financial Group works as an agreeable budgetary organization. Headquartered in Chiyoda, Tokyo, the bank gives saving money and monetary administrations through 72 workplaces in 38 nations. The keeping money unit is separated into Wholesale, Retail, International, Treasury, Sumitomo Mitsui Finance and Leasing, SMBC Nikko Securities, and purchaser fund/charge cards. It utilizes around 70,000 specialists.
In 2016, the bank detailed aggregate resources of US$1,656 billion and aggregate wage of US$8,749 million.
Norinchukin Bank was made in 1923 and is headquartered in Chiyoda, Tokyo. The bank gives keeping money administrations, and in addition monetary help to Japan’s fisheries, ranger service, and farming enterprises. It oversees branches in New York, London, and Singapore, and has agent workplaces in Beijing and Hong Kong.
Starting at 2016, the bank’s aggregate resources were US$1,000 billion and aggregate salary was US$19 million.
Headquartered in Chiyoda, Tokyo, Resona Holdings was established in 2001. The bank utilizes around 70,000 people. Resona Holdings works in three business portions: Individual, Corporate, and Market. The Individual section centers around the arrangement of counseling administrations that are identified with individual credits, resource administration, and resource progression. The Corporate section offers business credits, resource administration, land advances, corporate annuity administrations, business progression, and support of business development. The Market fragment handles the acquirement and task of assets, remote trade, securities, and subordinates through budgetary markets.
Starting at 2016, the bank’s aggregate resources added up to US$451 million and aggregate pay achieved US$1.69 million.
Concordia Financial Group
Set up in 2016, Concordia Financial Group is the biggest provincial bank in Japan. Headquartered in Tokyo, the bank utilizes around 6,000 staff. It was made through the merger of Bank of Yokohama and Higashi-Nippon Bank.
In 2016, the bank announced aggregate resources of US$142 billion and aggregate pay of US$750 million.
Fukuoka Financial Group
Fukuoka Financial Group was made in 2007 and is headquartered in Fukuoka. The bank utilizes around 6,700 people. It works through its Banking and Other organizations. The Banking fragment gives keeping money administrations, for example, stores, advances, and outside trade. The Others section works in the assurance business, renewal bolster business, advance administration business, and gathering business.
Starting at 2016, add up to resources of the bank were US$151 billion and aggregate salary was US$2 billion.
Established in 1943, Chiba Bank is headquartered in Chiba. The organization gives keeping money items and administrations in Japan and abroad. It utilizes around 4,300 representatives. As of March 31, 2017, it worked around 181 workplaces, including 157 branches, 21 sub-branches, and 3 virtual branches; 47,346 off-branch ATM areas; 3 cash trade counters; 3 branches in New York, Hong Kong, and London; and 3 agent workplaces in Shanghai, Singapore, and Bangkok.
Starting at 2016, the bank’s aggregate resources added up to US$129 billion and aggregate pay achieved US$491 million.
Hokuhoku Financial Group
Hokuhoku Financial Group was set up in 2003 and is headquartered in Toyama. The bank utilizes around 5,400 representatives. It works through the accompanying fragments: Hokuriku Bank, Hokkaido Bank, and Others. Both the Hokuriku Bank and Hokkaido Bank fragments offer monetary administrations through keeping money activities. The Others section handles renting and charge card business. It additionally oversees non-bank backups.
In 2016, the bank announced aggregate resources of US$107 billion and posted aggregate pay of US$265 million.