Japanese banks are financial institutions located in Japan that provide a range of banking services, including accepting deposits, granting loans, facilitating foreign exchange, and offering investment products. They play a critical role in the country’s economy by providing financial support to individuals, businesses, and government entities.
Japanese banks are categorized into three primary types: city banks, regional banks, and shinkin banks. City banks, like Mitsubishi UFJ Financial Group, are large and serve both domestic and international markets. Regional banks focus on local markets and cater to the needs of small to medium-sized enterprises. Shinkin banks are cooperative institutions serving community needs and specializing in retail banking.
The banking sector in Japan is characterized by its unique structure and strong regulatory framework, which includes oversight by the Financial Services Agency (FSA) of Japan. Japanese banks are also known for their emphasis on customer service, risk management, and technological innovation, particularly in the realms of digital banking and fintech. Overall, Japanese banks are integral to the stability and functioning of both the domestic and global financial systems.
Aozora Bank, one of Japan's largest banks, has recently issued a warning, joining the list of institutions being affected by the escalating crisis in the commercial real estate market. The…