sign on form

Stay up to date

Sign up now for all our news
in one monthly digest

Japan

Basics
Banks
Dodgy Deals
Companies
Documents

Banking landscape
Japan experienced a major economic slowdown beginning in the 1990s. Since then, it has declined in relative terms from the world's second largest economy to its fourth, having been surpassed by both China and India (CIA). Its economy continues to face long-term challenges, including huge government debt (over 200% of GDP), deflation and an ageing and declining population.

The Japanese Banking Association divides Japanese banks into several categories: city banks (6), regional banks (108), trust banks (20) and others (14) (JBA, 2009). City banks are large in size, with headquarters in major cities. Regional banks are usually based in the principal city of a prefecture, conduct the majority of their operations within that prefecture and have strong ties with local enterprises and local governments.

In the 2000s, financial liberalisation led to a succession of mergers and integrations which created three "mega banks"- Mitsubishi UFJ Financial Group (including The Bank of Tokyo-Mitsubishi UFJ), Sumitomo Mitsui Financial Group and Mizuho Financial Group. All three of these city banks are listed as among the world's 20 biggest banks by asset value (Global Finance, 2013), however they have declined steadily from the global dominance they commanded in the late 1980s, when the ten largest banks in the world were all Japanese (Chicago Tribune).

There are no known "ethical banks" operating in Japan, however options for co-operative financing exist, particularly in rural areas.

In March 2012, the Japanese government published the Principles for Financial Action towards a Sustainable Society.

Bank regulation and reform

The Financial Services Agency (FSA) serves as the regulatory authority of financial institutions in Japan.

The Japanese banking sector was subject to significant reforms during the late 1990s and early 2000s, as a consequence of the country's long recession. Most state-owned financial institutions were privatized, bad loans were nationalised and sold off at a discount, and market liberalisations allowed a spate of takeovers and a substantial consolidation.

Japanese banks turned inward following Japan´s economic collapse, withdrawing substantially from international markets, and as a consequence the banking system was largely insulated from the global financial crisis. However, after the collapse of Lehman Brothers in 2008, their behaviour in global markets gradually changed, as their stronger relative financial position has allowed them to purchase significant amounts of international assets from troubled European and American banks, and thereby begin to rebuild their position in the international markets. Some of the "mega banks" have now bought a huge amount of Asian project finance assets from western banks. In addition, the "mega banks" have expanded their overseas business in Thailand, Indonesia, India, Vietnam, Myanmar and other Asian markets, following the growth of many Japanese companies in the region.

Independent sustainability and reform initiatives

The Japan Fair Finance Guide was launched in 2014, and ranks five of Japan's largest banks against seven criteria, related to climate change, the natural environment, human rights, labour, the weapons industry, transparency and power generation. The initiative is part of Fair Finance Guide International

Finance GreenWatch was launched in Spring 2011 to monitor and gather information on Japanese financial institutions. Other Japanese NGOs, including Japan Center for a Sustainable Environment and Society (JACSES) and FOE Japan, are also active in encouraging sustainability in the finance sector.

Population: 127 million (July 2013 est.)

GDP: $4.704 trillion (2012 est.)


working partners
Bank of Tokyo-Mitsubishi UFG
Bank of Tokyo - Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd.…
Mizuho Financial Group
Mizuho Financial Group is one of three Japanese "megabanks" (along with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group). The name "Mizuho" is an…
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (SMBC) was established in April 2001 through the merger of two leading banks: the Sakura Bank Limited, and the Sumitomo Bank Limited.…

Population: 127 million (July 2013 est.)

GDP: $4.704 trillion (2012 est.)


working partners
Dodgy Deals abroad financed by banks from Japan
Batang Coal Power Project
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ, Japan Bank for International Cooperation (JBIC), Mitsubishi UFJ Trust and Banking, Mizuho, Norinchukin Bank, Shinsei Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank
Batang coal-fired power plant (2,000 megawatt) will be one of the biggest coal-fired power plants in Asia. It will cost approximately JPY400 billion (USD four billion). Japanese…
Bauxite mine Niyamgiri Hills
India
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Nomura, Sumitomo Mitsui Banking Corporation
On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…
Great Barrier Reef Coal & Gas Exports
Australia
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Australia is on the verge of an unprecedented coal boom. The epicentre of this expansion is the yet-to-be-developed Galilee Basin in Central Queensland. Galilee is the proposed…
Hazelwood coal fired-power station
Australia
co financed by Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation
Hazelwood power station and mine are located in Victoria's Latrobe Valley, 150 km east of Melbourne in Australia. The 1,542 megawatt brown coal-fired power station is supplied…
Kaltim Prima Coal mine
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ
PT Kaltim Prima Coal (KPC), located in the province of East Kalimantan, is the biggest coal mine in Indonesia. The KPC project produces around 50 million tonnes a year, making…
Kusile coal power plant
South Africa
co financed by Bank of Tokyo Mitsubishi UFJ
The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa, initiated by Eskom, the state electricity company. With 4800 megawatt,…
SOCAR Aegean Refinery
Turkey
co financed by Bank of Tokyo Mitsubishi UFJ, JBIC
The owner and operator of the Aegean Refinery is STAR Rafineri A.S. ("STAR") a joint stock company incorporated under the laws of Turkey. The joint venture is now 81.5% owned…
Tanjung Jati-B 2
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Holdings
Tanjung Jati B power station is a 2,640 megawatt coal-fired power plant located in Central Java Province, Indonesia. PT Central Java Power, the project's developer, started…
Tufanbeyli coal power plant
Turkey
co financed by Bank of Tokyo Mitsubishi UFJ
Enerjisa, the Turkish electricity producer owned by E.ON and Sabanci, is building a new coal power plant in Tufanbeyli, commonly known as Enerjisa 2.5. The lignite-fired…
Cirebon 2 coal fired power plant
Indonesia
co financed by JBIC, Mitsubishi UFJ Trust and Banking, Mizuho, Nippon Export and Investment Insurance (NEXI), Sumitomo Mitsui Banking Corporation
The coal fired power plant Cirebon Unit 2, with a capacity of 1,000 megawatt, is a power plant project in the West Java region of Cirebon, Indonesia. The project is estimated…
Mochovce nuclear power plant (units 3 & 4)
Slovakia
co financed by Mizuho
The building of Slovakia's Mochovce 3 and 4 nuclear reactors is the longest running nuclear construction project anywhere in Europe. The reactors were designed by the Soviet…
Mountain top removal coal mining
United States
co financed by Mitsubishi UFJ Securities Co., Ltd., Mizuho, Sumitomo Mitsui Banking Corporation
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
Offshore Detention Centres
Australia
co financed by Mizuho
Australia's system of privatised, offshore detention centres (ODCs) for asylum seekers, on remote Pacific islands, is an ongoing human rights catastrophe. Spanish company…
Rosemont Copper Mine
United States
co financed by Mizuho
Vancouver-based speculative mining company, Augusta Resource Corporation, and its Arizona subsidiary, Rosemont Copper Company, plan to blast a mile-wide, half-mile deep…
Sasan ultra mega coal power project (UMPP)
India
co financed by Mizuho
The Sasan project, also known as the Sasan Ultra Mega Power Project (UMPP), is a 3,960 megawatt (6x660 megawatt) coal-fired project, located in Sasan, Madhya Pradesh in India.…
Visaginas nuclear power plant
Lithuania
co financed by Mizuho
Visaginas is the atomic phoenix the Lithuanian government hopes will rise from the ashes of the Ignalina nuclear power plant. Ignalina was finally closed in 2009 for safety…
El Dorado International Airport
Colombia
co financed by Sumitomo Mitsui Banking Corporation
El Dorado International Airport in Bogotá, Colombia is the busiest airport in Colombia and one of the busiest in Latin America, serving as the main international and…
check dodgy deals on record

Population: 127 million (July 2013 est.)

GDP: $4.704 trillion (2012 est.)


working partners
Companies abroad financed by banks from Japan
Adani
India
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho
Adani is a large Indian resources, logistics and energy company with big expansion plans. It was founded by Indian billionaire Gautam Adani, in 1988. It has coal mining interests…
Alpha Natural Resources
United States
co financed by Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation
Alpha Natural Resources is a large American producer of metallurgical and thermal coal. It also provides services relating to equipment repairs, road construction and logistics…
Anglo American
United Kingdom
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Anglo American is a British multinational mining company headquartered in London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world…
Arch Coal
United States
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Arch Coal is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United…
Areva
France
co financed by Bank of Tokyo Mitsubishi UFJ
Created in 2001 and 90% owned by the French state, this multinational conglomerate boasts of interests in every aspect of nuclear power from uranium mining to nuclear fuel…
Astra Agro Lestari
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Astra Agro Lestari is Indonesia's second largest palm oil producer by area. It controls 298,000hectares of fully developed plantations in Sumatra, Kalimantan and Sulawesi.…
BHP Billiton
Australia
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
BHP Billiton is the world's largest mining company. It occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal,…
Bumi Resources
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ
Bumi Resources is currently the most significant coal producer in Indonesia with 2013 production at 80 million tonnes. It owns the Kaltim Prima Coal project in…
Bumitama
Indonesia
co financed by Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation
Bumitama Agri Ltd. is one of the largest producers of Palm oil and Palm Kernel in Indonesia, where it controls over 200.000 hectares of palm oil plantations. It was established…
EDF
France
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Nomura, Sumitomo Mitsui Banking Corporation
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
Enel
Italy
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Nomura, Sumitomo Mitsui Banking Corporation
Enel is Italy's largest power company and Europe's second largest according to its generating capacity. Its interests stretch beyond Italy to 40 countries on four continents.…
ENGIE
France
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
ENGIE (known as GDF SUEZ until April 2015) is the largest independent power producer in the world. In 2013 it operated 600 power plants worldwide. It had 113.7 GW of installed…
ESKOM
South Africa
co financed by Bank of Tokyo Mitsubishi UFJ
Eskom is the world's eleventh-largest power utility in terms of generating capacity and ranks ninth in terms of sales. In 2011 it had an installed generating capacity of…
Glencore
Switzerland
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Glencore plc (formerly Glencore Xstrata) is an Anglo-Swiss multinational commodity trading and mining company. The company was created through a merger of Glencore with Xstrata…
IOI Corporation
Malaysia
co financed by Bank of Tokyo Mitsubishi UFJ, Mitsubishi UFJ Securities Co., Ltd., Mizuho, Sumitomo Mitsui Banking Corporation
IOI Corporation, founded in 1969, is a Malaysian conglomerate involved in the property and plantation business, including oil palm cultivation. The company's specialty fats…
Jindal Steel & Power
India
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho
Jindal Steel and Power Limited (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure. It…
Lockheed Martin
United States
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Lockheed Martin is one of the worlds largest arms-producing and military services companies. It is a global security company engaged in the research, design, development,…
National Thermal Power Corporation (NTPC)
India
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
National Thermal Power Corporation is the largest electricity producer in India. In 2014, its total installed capacity was of 42,964 MW (including 5,974 MW through Joint…
Rio Tinto
Australia
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
RWE
Germany
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Nomura, Sumitomo Mitsui Banking Corporation
RWE is Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company is active in the generation,…
Samling
Hong Kong
co financed by Bank of Tokyo Mitsubishi UFJ
The Samling group, which is based in the Malaysian state of Sarawak on Borneo, is one of Malaysia's biggest logging companies and responsible for the ongoing destruction…
Textron
United States
co financed by Bank of Tokyo Mitsubishi UFJ
Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…
Wilmar Group
Singapore
co financed by Bank of Tokyo Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corporation
Wilmar International (WLIL.SI), founded in 1991 and headquartered in Singapore is one of the world's largest agribusinesses. It is involved in a wide range of businesses,…
Drummond
United States
co financed by Mizuho
Drummond Company Inc. is a coal mining company based in Birmingham, Alabama, United States, with operations in Alabama and in La Loma, Colombia. It controls coal reserves…
check company profiles on record

Population: 127 million (July 2013 est.)

GDP: $4.704 trillion (2012 est.)


working partners

Population: 127 million (July 2013 est.)

GDP: $4.704 trillion (2012 est.)


working partners
Login

Good login. Redirecting to
'My Banktrack'.
Wrong login. Click here to request your password.
An email has been sent with your login!
Request password
This email is unknown.
<< Back
Search
Please provide one or more search terms

Join our mailinglist

Get all our latest news releases delivered straight to your inbox - or get our News Digest once a month

banktrack tweets
@sleeplessdriver Surplus Indian coal for export (to Rampal) looks like just one of the reasons @UNESCO
Sep 29, 2016
RT @market_forces: REVEALED: #superannuation funds encouraging exploration for #fossilfuels with fat executive bonuses https://t.co/VNi68Kt
Sep 29, 2016
contact
route
Vismarkt 15
6511 VJ Nijmegen
Netherlands


contact@banktrack.org
Contact us