The Japan’s banking sector includes 5 city banks, 64 regional banks, 40 regional II banks, 263 Shinkin banks, 15 trust banks, 56 foreign banks and 22 bank holding companies. The Bank of Japan, founded in 1882, is the central bank of the country. Here is a list of the largest banks in Japan ranked by total assets.

Mitsubishi UFJ Financial

Headquartered in Tokyo, Mitsubishi UFJ Financial Group (MUFG) is the largest bank and financial services company in Japan by assets and market capitalization. It is also one of the top 10 banks in the world. At December 31, 2018, the consolidated balance sheet totalled US$2.8 trillion and deposits were US$1.67 trillion. The company's shares are traded on the Tokyo Stock Exchange (TSE/TYO) and the New York Stock Exchange (NYSE), with a market capitalization of US$74 billion as of December 10, 2019.

Japan Post Bank

Established in 2006, Japan Post Bank is the second largest bank in the country by total assets and the largest by number of customers. Unlike most commercial banks, it is mainly a savings financial institution. The Bank operates through a nationwide network of 24,020 post offices and 28,780 ATMs. As at December 31, 2018, the company’s total assets, deposits and shareholders equity reached US$1.9 trillion, US$1.65 trillion and US$81 billion, respectively.

Sumitomo Mitsui Financial

Sumitomo Mitsui Financial Group (SMFG) is the third largest financial services group in Japan. It operates through four business areas: Wholesale banking, Retail banking, International banking, and Global Markets. The company achieved US$1.831 trillion in total assets and US$1.193 trillion in deposits for the period ended December 31, 2018. Headquartered in Tokyo, it employs approximately 73,000 people.

Mizuho Financial

Mizuho Financial Group (MHFG) is the fourth largest Japanese bank with presence in 38 countries and regions, and 60,000 employees. Its network includes 460 Mizuho Bank branches, 60 Mizuho Trust and Banking branches, 280 Mizuho Securities offices as well as 7,200 ATMs throughout Japan. As of December 2018, the company's total assets, deposits and loans amounted to US$1.827 trillion, US$1.223 trillion and US$715 billion, respectively.

The Norinchukin Bank

The Norinchukin Bank, founded in 1923, is the fifth largest bank in Japan by assets. It is a cooperative financial institution serving agricultural, fisheries, and forestry industries. The company was established by Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives, Japan Forestry Cooperatives and other members. The Bank has long-term debt ratings A and A1 from Standard & Poor's and Moody's, respectively. As at December 2018, Norinchukin had total asset of US$956 billion and total deposits of US$604 billion.

Resona Group

Resona Group is the sixth largest banking group in Japan. The main operating units are Resona Bank, Saitama Resona Bank, Kansai Urban Banking Corporation, Kinki Osaka Bank and Minato Bank. With focus on retail banking businesses, the Group operates through more than 840 domestic branches and serves 16 million retail and 500,000 corporate customers. Kansai Mirai Financial Group, a Resona's consolidated subsidiary, was listed on the Tokyo Stock Exchange in 2018.

Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Holdings offers fiduciary services including asset management, asset administration and pensions. It also offers real estate, inheritance and succession, mortgage loans, global markets, and installment-type and insurance products. As at December 31, 2018, the company had US$517 billion in total assets and US$314 billion in deposits.

Nomura Holdings

Founded in 1925, Nomura Holdings Inc is the eighth largest Japanese financial services group by total assets and the largest asset manager in Japan by AUM. With over 28,000 employees and presence in 30 countries, it operates through the following business lines: Retail Banking, Asset Management, Global Markets and Investment Banking, and Merchant Banking. For the fiscal year ended March 31, 2019, Nomura reported total assets of US$370 billion, total equity of US$24 billion, assets under management of US$464 billion and total revenue US$16.5 billion.

Shinkin Central Bank

Shinkin Central Bank (SCB) is a central bank for Shinkin banks, the regional cooperative financial institutions which include over 260 banks and more than 7,300 branches. Their membership are local residents and small and medium-sized companies. Shinkin also has representative offices in New York, Hong Kong, Bangkok and Shanghai as well as overseas subsidiary in London, the UK.

Fukuoka Financial

Fukuoka Financial Group (FFG) is the tenth largest Japanese banking group operating through 330 domestic branches and 8 international offices primarily in Asia. With over 6,800 employees, the Group includes three regional banks (Bank of Fukuoka, Kumamoto Bank and Shinwa Bank) and other subsidiaries. The company is listed on the Tokyo and Fukuoka Stock Exchanges, with a market capitalization of US$3.8 billion as of May 10, 2019.

Top 10 Banks in Japan by assets

The table below shows the 10 largest banking groups in Japan ranked by total assets.

Rank Bank Total Assets (US$b, 12/31/2018)
1 Mitsubishi UFJ Financial Group 2,784.23
2 Japan Post Bank 1,900.76
3 Sumitomo Mitsui Financial Group 1,830.81
4 Mizuho Financial Group 1,827.49
5 Norinchukin Bank 955.977
6 Resona Holdings 534.377
7 Sumitomo Mitsui Trust Holdings 517.240
8 Nomura Holdings 408.877
9 Shinkin Central Bank 386.807
10 Fukuoka Financial Group 190.142

List of Foreign Banks in Japan

Here is a list of branches, subsidiaries and representative offices of foreign banks operating in Japan.

Australia and New Zealand Banking Group
ANZ Japan Tokyo Branch, ANZ Japan Osaka Branch
ANZ Securities (Japan), Ltd
Banco do Brasil S.A.
Banco Santander
Bangkok Bank
Bank Negara Indonesia
Bank of America, N.A.
Bank of Communications
Bank of India
Bank of New York Mellon
Barclays Bank Plc (Japan Branch)
Barclays Securities Japan Ltd
BBVA SA, Tokyo Branch
BNP Paribas, Tokyo Branch
BNP Paribas Securities (Japan)
BNP Paribas Asset Management Japan Ltd
Cardif Assurance Vie Japan
Caixa Economica Federal
Chang Hwa Commercial Bank
China Construction Bank
Chinatrust Commercial Bank
CIC Banks
Citibank, N.A.
Commonwealth Bank of Australia
Credit Agricole CIB
Credit Foncier
Credit Suisse
DBS Bank
Depfa Bank
Deutsche Bank
Euroclear Bank
HSBC Tokyo Branch, HSBC Osaka branch
HSBC Securities (Japan) Limited
HSBC Global Asset Management (Japan) K.K.
ING Bank N.V., Tokyo Branch
Itau Unibanco
JPMorgan Chase Bank. N.A.
KEB Hana Bank
Kookmin Bank
Korea Development Bank
Korea Exchange Bank
Lloyds Bank plc
Mega International Commercial Bank
Metropolitan Bank and Trust Company
National Australia Bank
National Bank of Pakistan
Oversea-Chinese Banking Corporation
Philippine National Bank
Rabobank Nederland
Representative Offices
Royal Bank of Canada
Royal Bank of Scotland
Shinhan Bank Japan
Societe Generale
Standard Chartered Bank
State Bank of India
State Street Bank and Trust Company
Taiwan Business Bank
The Bank of Nova Scotia
UBS AG Tokyo Branch
Address: Otemachi First Square, 1-5-1 Otemachi, Chiyoda-ku, Tokyo
Tel: +81 3 5293 3000. Opening hours: Monday - Friday, 9am - 17pm
UniCredit Bank AG
Union de Banques Arabes et Francaises
United Overseas Bank Ltd
Wells Fargo Bank, N.A.
Woori Bank