Financial services in Japan ATMs are common throughout the country, especially in densely populated urban areas. In April 2007, Japanese prime minister Shinzo Abe asked Japan's financial regulator to draw up measures to relax the rules that separate banking and broking businesses . Financial services in Japan Financial services in Japan refers to the services provided in Japan by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. Japanese law defines several types of financial institutions: There are over 50 foreign banks in Japan, including Citibank, JPMorgan Chase, HSBC, Deutsche Bank, Credit Suisse,
Kozo Yamamoto appointed his ministerships in 2016. Yamamoto is a known advocate of reflation policies, and is one of the first to argue for using monetary easing tools to overcome deflation in Japan. As a longtime critic of the Bank of Japan's monetary tightening policies in the Diet, he chaired multiple study groups on monetary policy when the LDP was out of power, and appealed to Shinzo Abe the need for quantitative easing. Yamamoto proposed the consumption tax increase of April 2014 to Abe Shinzo, and advised swift action. He also advocated for basic allowances and various public-works projects for low-income earners