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Itō Bank; Sumitomo Mitsui Banking Corporation (2002) The Sumitomo Bank; Sakura Bank (1990) Mitsui Bank; Taiyō-Kobe Bank (1973) Taiyō Bank; Bank of Kobe; Resona Holdings / Resona Bank / Saitama Resona Bank (2002) Asahi Bank (1991) Kyōwa Bank; Saitama Bank; Daiwa Bank; Mitsui Trust Holdings (2002) / The Chūō Mitsui Trust and Banking Co. (2000)
These ODA operations were merged with Japan International Cooperation Agency in 2008. As of March 2005, the country which had access to the most loans was Indonesia, followed by China and the Philippines. Brazil was the most benefited from South American countries, holding the sixth place in the bank's investments. [9]
The Bank of Japan was reorganized in 1942 [4] [15] (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.
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The National Banks in Meiji Japan were a system of organization of the Japanese banking system created in the 1870s, inspired by the U.S. National Bank Act of the previous decade. Under the system, national banks were individually chartered by the government as banks of issue whose banknotes were all accepted as legal tender .
The postal savings system in Japan was started in 1875 by Maejima Hisoka, who is known as "the father of the Japanese postal system." [7] [8] Before he founded the postal system as a whole four years before in 1871, Maeijima had spent time observing the postal system of the United Kingdom and was impressed by its offering of postal savings services.
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.
For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank, Mitsubishi Bank, Mitsui Bank, and Yasuda / Fuji Bank. [1] In 1948, it was renamed Osaka Bank, [2] but reverted to Sumitomo Bank in 1952. [3] On 1 April 2001, Sumitomo Bank merged with Sakura Bank to form Sumitomo Mitsui Banking Corporation.