Banks/Banking in Japan

The banks in Japan are the economic base of this booming economy. There are plenty of national, international and regional banks. Apart from Japanese banks, there are many international banks having their base here. Similarly, banks of Japan have branches around the world such as The Bank of Tokyo has 113 international branches.

Top Banks

The top banks in Japan are Awa bank, Aomori Bank, Chiba Bank, Bank of Kyoto, Chubu Bank, Fukuoka Bank, Daiwa Bank, Iyo Bank, Higo Bank, Kyushu Bank, Kagoshima Bank, Sakura Bank, Mizuho Bank, Tokyo Tomin, Shimizu and Yamagata bank.

SG Private banking has a branch in Japan; Lehman Bros is sited in Tokyo, and many more banks in Japan are merging to become efficient and big. All banks facilitate their customers by giving ATM facility as well as cash dispensers. Foreigners also can open bank accounts using alien registration card.

Top banks with bigger profits

There are top banks showing bigger profits in Japan. This is as on July 30, 2010 Tokyo (AP) that the two banks in Japan that is on the top list is Mitsubishi UFJ and Mizuho. Their quarterly profits have jumped even in times of such recession.

Mitsubishi UFJ is the Japan's largest bank, stated that its net profit has doubled over to 166.3 billion yen ($1.9 billion) in the period of April to June from the last years 75.9 billion yen. Mizuho Financial Group is No.2 lender in Japan showing a net profit of 149.85 billion yen ($1.7 billion) and this is after undergoing a loss of 4.49 billion yen earlier year.

The two companies have retained their earnings projections for this financial year March 2010. Mitsubishi UFJ is expecting 400 billion yen ($4.6 billion) as net profit and Mizuho 430 billion yen ($4.9 billion) as profit.

Banking in Japan with Bank of Tokyo, the major bank is of significance as it has 672 branches and 113 offices. This bank has its independent industrial and economic research units contributing to continuous growth. This bank is competent and also offers excellent services. The high level of competence and efficiency has assisted in maintaining clients of best financial establishments and over fifty security companies.