Banks in Japan

In Japan, there are more than 400 banks. A central bank was formed in Japan in 1882 to manage the country’s money supply and to act as a lender of last resort for banks in the country, and the Bank of Japan is that institution. Banks in Japan consist of:

  • Municipal, Regional, and Trust Banks are licenced to operate in the country.
  • Foreign Banks

According to the previous year’s reports published by Moody’s, the banking system is likely to remain stable, as the Bank of Japan’s negative interest rate policy is projected to be outweighed by the banks’ operating environment, asset risk, and liquidity (NIRP).

Mitsubishi UFJ Financial Group

Mitsubishi Group was founded in 1880 and has its headquarters in Chiyoda, Tokyo. Around 150,000 people work for the bank, which has 12 million customers. There are four business groups within the company: retail banking, corporate banking, trust assets, and global business group. It has more than 1,200 sites in more than 50 different countries.

Headquarters: Chiyoda City, Tokyo, Japan

Founded: 2005

Mizuho Financial Group

Mizuho Financial Group was founded in 2003 and provides banking and financial services throughout Japan, the Americas, Europe, and Asia/Oceania. The company is headquartered in Tokyo, Japan. The bank is divided into many divisions, including Retail and Business Banking, Corporate and Institutional, Global Corporate, Global Markets, and Asset Management. Around 60,000 people work for the bank, which has its headquarters in Chiyoda, Tokyo.

Headquarters: Chiyoda City, Tokyo, Japan

Founded: 2001

Concordia Financial Group

Concordia Financial Group was founded in 2016 and is the largest regional bank in Japan. The bank, which has its headquarters in Tokyo, employs about 6,000 people. Financial Holding Concordia Financial Group Limited was formed through the merging of Bank of Yokohama and Higashi-Nippon Bank in Japan. Financial services are provided by the company, such as banking and insurance.

Headquarters: Tokyo, Japan

Founded: 2016

Chiba Bank

Based in Chiba, the Chiba Bank was founded in 1943. It’s a  Japan-based firm that offers a wide range of financial goods and services. Around 4,300 people are employed there.

When it closed its doors on March 31st 2020, the bank had approximately 181 offices: 159 branches with 21 sub-branch locations and 3 virtual branches; 47,346 ATMs located outside of the banks’ physical locations; three money exchange counters; three New York branches; and three London branches; and three Shanghai, Singapore and Bangkok offices.

Headquarters: Chiba, Chiba, Japan

Founded: 1943