ABSTRACT
Japanese banks offer certain advantages in looking after the financial affairs of a foreign businessman or company. They are able to provide more effective assistance with yen requirements either by extending loans or by accepting deposits. Most major banks have an information and business development office which can be depended on as a reliable source of information on Japanese enterprises, industries, markets and all the necessary legal procedures. Opening an ordinary deposit account at any branch of one of the leading Japanese banks is a very simple procedure. Japanese banks usually extend credit facilities to customers either in the form of discounts of commercial bills, loans on bills, or loans on deeds. In Japan, bank transfers are commonly used as a means of settlement between business enterprises. Certain banks offer a safety bag service which is like a mini safety deposit box but is far more economical.
