ABSTRACT

This chapter explores the businesses which Japanese bankers and financiers have joined in the City since the 1970s. It looks at the City, now developed from a mono to a multicultural entity. The chapter describes how Japanese financial institutions have developed their business in the City. It also explores cultural problems of Japanese international financial business in the City, underlining the difficulties for the Japanese and the British in these Japanese financial institutions. The relationship between the City and Japanese banks has reflected the historical relations between the two countries over many years. When Japan met the West and opened its doors to the country in the late nineteenth century, Japanese banks came to the City. In addition, trading companies and big manufacturing companies had their own financial subsidiary companies for issuing bonds and also investing their profits in the capital market.