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Talking Japanese Culture, Season 1, Lesson 16 –
Top 5 Things You Need to Know About Japanese Banks
Hello, and welcome to JapanesePod101.com.
I’m Eric.
In this lesson we will talk about the ​"Top 5 Things You Need to Know About Japanese Banks”.
The first topic (on the list) is about three big banks known in Japan as (J: san-dai mega banku).

The biggest lender of all is “The Bank of Tokyo-Mitsubishi UFJ” (J: Mitsubishi Tōkyō UFJ Ginkō). As one of the world’s largest banks by assets, the lender has 40 million individual accounts and 500,000 business accounts nationally.

The second largest is “Sumitomo Mitsui Banking Corporation” (J: Mitsui Sumitomo Ginkō), followed by “Mizuho Bank” (J: Mizuho Ginkō).

The next topic (on the list) is about Japan Post Bank (J: Yūcho Ginkō). 

This bank was set up in 2007 after taking over the banking business from the state-owned financial conglomerate Japan Post Holdings.

Before spinning off banking and postal subsidiaries, Japan Post Holdings was handling all postal, banking, and insurance services, making it the largest financial institution in the world.
The Japan Post Bank, which now aims to go public in 2015, is still one of the world’s largest banks, with nearly 200 trillion yen in assets.
The next topic (on the list) is about different types of banks in Japan.
First of all, there are commercial lenders that can be put into two big groups—five big city banks  (J: toshi ginkō) and hundreds of regional banks (J: chihō ginkō).

Five big players are made up of the three mega banks, plus Resona Bank  (J: Risona Ginkō) and Saitama Resona Bank. Regional players operate in each local area without expanding nationwide.
Then there are trust banks that handle all kinds of trust businesses as well as banking business, in addition to Japan Post Bank, which we mentioned earlier.

The next topic (on the list) is about online banks (J: Intānetto Ginkō) or  (J: Netto Ginkō). 

Here in Japan, online banks are becoming increasingly more popular as they often offer higher interest rates than ordinary banks due to lower labor costs.

Japan Net Bank (J: Japan Netto Ginkō), SBI Sumishin Net Bank  (J:Sumishin SBI Netto Ginkō), Rakuten Bank  (J:Rakuten Ginkō), and Sony Bank  (J:Sonī Ginkō) are among those gaining popularity.  
Unlike traditional banks, however, those online players don’t normally have many branches or ATMs, and transactions are completed via Internet and telephone.

Last but not least is about Aeon Bank (J: Ion Ginkō) and Seven Bank (J: Sebun Ginkō).
Aeon Bank is run by the shopping mall operator Aeon Group. Customers can use the bank ATMs with zero usage fees, and get shopping vouchers and other special privileges when opening a new account with them.
Meanwhile, Seven Bank is affiliated with “Seven and I Holdings”. The biggest benefit of this bank is that the customers can deposit or withdraw their money 24 hours a day using ATMs at Seven-Eleven convenience stores.
The bank also offers a much higher interest rate for their savings account than other banks do.

That’s all we have for this lesson.
Japanese banks offer unique and excellent services if you know about their facilities. 
If you have any comments or questions, let us know!
Thanks for listening and we’ll see you next time. Bye!


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