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The Bank of Japan was reorganized in 1942 [4] [14] (fully only after 1 May 1942), under the Bank of Japan Act of 1942 (日本銀行法 昭和17年法律第67号), promulgated on 24 February 1942. There was a brief post-war period during the Occupation of Japan when the bank's functions were suspended, and military currency was issued.
[4] [5] [6] It was named after its founder Tokushichi Nomura II, a wealthy Japanese businessman and investor. He had earlier established Osaka Nomura bank in 1918, based on the Mitsui zaibatsu model with a capital of ¥10 million. [7] Like the majority of Japanese conglomerates, or zaibatsu, its origins were in Osaka, but today operates out of ...
Mizuho annual income by division in 2005 1. Mizuho Bank 2. Mizuho Corporate Bank 3. Mizuho Trust 4. Mizuho Securities The former head office building of Fuji Bank in Ōtemachi, completed in 1990, served as headquarters of Mizuho Financial Group from the merger until demolition in 2012 [8] The former head office of Dai-Ichi Kangyo Bank in Hibiya, completed in 1981, served as headquarters of ...
Japan's banking system has consolidated dramatically since the 1990s. The list below gives an account of the banking industry's composition and consolidation. These banks are usually called the "City banks" (都市銀行). Mizuho Financial Group (2000) / Mizuho Bank / Mizuho Corporate Bank (2002) Dai-Ichi Kangyo Bank (1971) Dai-Ichi Bank
The Chuo Trust & Banking Co., Ltd. was established in May 1962 with a capital of 2.5 billion yen and support from Tokai Bank, Dai-Ichi Bank, the Industrial Bank of Japan and other financial institutions. It took over Tokai and Dai-Ichi's trust businesses as well as the stock transfer agency business of Japan Securities Agents, Ltd.
Mitsubishi Bank and the Bank of Tokyo merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. [10] The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking.
SMBC has been an early adopter of AI in its banking operation. It is the first Japanese bank to use IBM Watson since 2014 to support operators at its call center. [8] AmiVoice, a voice recognition solution provided by SMBC, transforms inquiries into text on a real-time basis as a speech recognition system, while IBM Watson gives customers responses taken from service manuals and Q&As, thereby ...
Japan Finance Corporation was founded on 1 October 2008 with the passing of the Japan Finance Corporation Act. [1] This Act led to the merger of four policy-based financing institutions i.e.: [3] The National Life Finance Corporation (NLFC) The Agriculture, Forestry and Fisheries Finance Corporation (AFC)