There are over 400 banks in Japan. The Bank of Japan, the country’s central bank, was established in 1882 to control the domestic money supply and serve as the lender of last resort to the banks in Japan. The Japanese banking system consists of:
Domestically licensed banks – City banks, Regional banks, and Trust banks
According to Moody’s, the outlook for the Japanese banking system is stable, as the banks’ operating environment, asset risk, and liquidity are expected to outweigh the pressure on domestic profitability from the Bank of Japan’s negative interest rate policy (NIRP).
For anyone considering a career in banking in Japan, this list of the top banks in Japan is a helpful guide on where to start. To learn more, see our lists of financial institutions.
The Top Banks in Japan are:
Mitsubishi UFJ Financial Group
Founded in 1880, Mitsubishi Group is headquartered in Chiyoda, Tokyo. The bank employs around 150,000 staff and serves 12 million customers. It operates through its Retail Banking Business Group, Corporate Banking Business Group, Trust Assets Business Group, and Global Business Group segments. It keeps 1,200 locations in approximately 50 countries.
Net income: JPY 777.02 billion (3/2021)
Total assets: JPY 359.47 trillion (3/2021)
Japan Post Bank
Japan Post Bank was created in 2006 and is based in Chiyoda, Tokyo. The bank provides various banking products and services to retail and corporate clients in Japan and other countries. It employs around 13,000 individuals and operates through 234 branches and 23,879 post offices.
Net income: JPY 418.24 billion (3/2021)
Total assets: JPY 297.74 trillion (3/2021)
Mizuho Financial Group
Established in 2003, Mizuho Financial Group provides banking and financial services in Japan, the Americas, Europe, and Asia/Oceania. The bank operates through various business segments, 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 comprises around 60,000 employees.
Net income: JPY 471.02 billion (3/2021)
Total assets: JPY 225.59 trillion (3/2021)
Sumitomo Mitsui Financial Group
Founded in 2002, Sumitomo Financial Group operates as a cooperative financial institution. Headquartered in Chiyoda, Tokyo, the bank provides banking and financial services through 72 offices in 38 countries. The banking unit is divided into Wholesale, Retail, International, Treasury, Sumitomo Mitsui Finance and Leasing, SMBC Nikko Securities, and consumer finance/ credit cards. It employs around 86,000 workers.
Net income: JPY 512.81 billion (3/2021)
Total assets: JPY 242.58 trillion (3/2021)
Norinchukin Bank was created in 1923 and is headquartered in Chiyoda, Tokyo. The bank provides banking services, as well as financial support to Japan’s fisheries, forestry, and agricultural industries. It manages branches in New York, London, and Singapore and keeps representative offices in Beijing and Hong Kong.
Net income: JPY 118.15 billion (2020)
Total assets: JPY 107.73 trillion (2020)
Headquartered in Chiyoda, Tokyo, Resona Holdings was founded in 1918. The bank employs around 20,000 individuals. Resona Holdings operates in three business segments: Individual, Corporate, and Market. The Individual segment focuses on providing consulting services related to personal loans, asset management, and asset succession.
The Corporate segment offers business loans, asset management, real estate loans, corporate pension services, business succession, and support of business growth. The Market segment handles the procurement and operation of funds, foreign exchange, bonds, and derivatives through financial markets.
Net income: JPY 124.48 billion (3/2021)
Total assets: JPY 73.70 trillion (3/2021)
Concordia Financial Group
Established in 2016, Concordia Financial Group is the largest of the regional banks in Japan. Headquartered in Tokyo, the bank employs around 6,000 staff. It was created through the merger of Bank of Yokohama and Higashi-Nippon Bank.
Net income: JPY 25.33 billion (3/2021)
Total assets: JPY 21.58 trillion (3/2021)
Fukuoka Financial Group
Fukuoka Financial Group was founded in 1877 and is headquartered in Fukuoka. The bank employs around 8,000 individuals. It operates through its Banking and Other businesses.
The Banking segment provides banking services such as deposits, loans, and foreign exchange. The Others segment works in the guarantee business, revitalization support business, loan management business, and collection business.
Net income: JPY 44.65 billion (3/2021)
Total assets: JPY 27.51 trillion (3/2021)
Founded in 1943, Chiba Bank is headquartered in Chiba. The company provides banking products and services in Japan and abroad. It employs around 4,300 staff.
As of March 31, 2020, it operated approximately 183 offices, including 159 branches, 21 sub-branches, and 3 virtual branches; 47,346 off-branch ATM locations; three money exchange counters; three branches in New York, Hong Kong, and London; and three representative offices in Shanghai, Singapore, and Bangkok.
Net income: JPY 49.64 billion (3/2021)
Total assets: JPY 17.90 trillion (3/2021)
Hokuhoku Financial Group
Hokuhoku Financial Group was established in 2003 and is headquartered in Toyama. The bank employs around 5,100 staff. It operates through the following segments: Hokuriku Bank, Hokkaido Bank, and Others. Both the Hokuriku Bank and Hokkaido Bank segments offer financial services through banking operations. The Others segment handles leasing and credit card business. It also manages non-bank subsidiaries.