Banks move towards an age of curtailment – Survival of the Bank,


Here, I would like to introduce several interesting articles related to the current banking industry in Japan.

The first article questions whether the traditional banks will be able to survive, despite the fact that the ‘big three’ banks in Japan have announced personnel cuts.

It reports that,

As stated by the president of the Bank of Tokyo-Mitsubishi UFJ , the “traditional commercial bank model is already facing a structural depression”, and while society itself is changing at lightning speed, it is the special “unequal society” of banks that have ceaselessly continued to inherit the “traditional business model”.

The heads of banks are coming to the realization that there is no future to the traditional banking industry format.
This means that the structure of the bank will change greatly moving forward.


The major banks in Japan are investigating the idea of branches with limited functionality and fully umanned stores, and have announced cost reduction measures.


The Bank of Tokyo-Mitsubishi UFJ plans to streamline its operations by automating the work of 9500 employees.