Asiamoney Best Bank Awards

Japan’s biggest banks generally recorded solid performance in the financial year ending March 31, 2022, thanks to their retail and global corporate banking business lines. Of the lot, Mitsubishi UFJ Financial Group impressed the most, making it Asiamoney’s best domestic bank in Japan in 2022.

Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.

In its 50 years in Japan, Morgan Stanley has showcased how effectively it can navigate challenges and remain impactful as it proves its mettle and expertise to clients.

Japan’s biggest banks generally recorded solid performance in the financial year ending March 31, 2022, thanks to their retail and global corporate banking business lines. Of the lot, Mitsubishi UFJ Financial Group impressed the most, making it Asiamoney’s best domestic bank in Japan in 2022.

Nomura has taken its corporate social responsibility initiatives in Japan and overseas very seriously for a long time. It has been involved in pioneering financial literacy since the 1990s – and it is still a key area of focus.

Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.

Small and medium-sized enterprises in Japan still face a tough business environment: even though the effects of the pandemic have eased somewhat, supply-side limitations, such as a rise in raw material costs and fuel hikes, have added to the pressure.

Digitalization in Japanese banking took a big leap during the pandemic. As customers had no choice but to go virtual for their banking needs, digital solutions were crucial. With its strategic goal of helping to solve social issues digitally, Rakuten Bank stands out from the pack.

China Merchants Bank was a clear outlier among its domestic banking peers in the mainland in the past year as its 3.0 business model took shape and produced solid results.