Financial services in Japan

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Financial services in Japan refers to the services provided in Japan by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages.

Financial institutions[edit]

Japanese law defines several types of financial institutions:

Foreign companies[edit]

There are over 50 foreign banks in Japan, including Citibank, JPMorgan Chase, HSBC, Deutsche Bank, Credit Suisse, ABN AMRO, ING Group.

International ATMs[edit]

Both Japanese and foreign citizens may apply for an international ATM card corresponding to an interbank network such as Cirrus or PLUS. Foreign citizens need to show the Alien Registration Card for account creation.

Interbank ATMs are common throughout the country, especially in densely populated urban areas.

Liberalization[edit]

In April 2007, Japanese prime minister Shinzo Abe asked Japan's financial regulator to draw up measures to relax the rules that separate banking and broking businesses .[1]

References[edit]

  1. ^ Nakamoto, Michiyo (2007-04-18). "Abe seeks to relax financial regulation". Financial Times. 

See also[edit]