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The Recent Internationalization of Japanese Banks

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  • Jonathan Batten
  • Peter Szilagyi

Abstract

We investigate the changing role and direction of Japanese bank internationalization with an emphasis on the period from 1995 to 2008. In recent years Japan has gone from being a net receiver of international bank lending of US$230 billion (1995) to a net lender to international banks of US$235 billion (2008). The analysis of international bank positions demonstrates that (a) Japanese banks significantly reduced their international exposures to mitigate the effects of their failed loans in the Asia-Pacific region; (b) European integration has been associated with enhanced claims, while during the same period Japanese claims were reduced; (c) Japanese bank internationalization appears to be at odds with customer-related motivations, although such a low-risk strategy would be consistent with sociocultural or geographic influences, the effects of asymmetries in information, and risk aversion. Finally, we can add to existing facts concerning the differences between domestic and international banking.

Suggested Citation

  • Jonathan Batten & Peter Szilagyi, 2011. "The Recent Internationalization of Japanese Banks," The Japanese Political Economy, Taylor & Francis Journals, vol. 38(1), pages 81-120.
    • Handle: RePEc:mes:jpneco:v:38:y:2011:i:1:p:81-120
    DOI: 10.2753/JES1097-203X380104
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    Cited by:

    1. Aduba, Joseph Jr. & Harimaya, Kozo, 2023. "Impact of international expansion strategy on the performance of Japanese banks," Japan and the World Economy, Elsevier, vol. 65(C).
    2. Hsiao-I Pan & Komsan Suriya & Pathairat Pastpipatkul, 2022. "An Analysis of Determinants of Foreign Direct Investment in Banking Industry from Taiwan to ASEAN Countries with Gravity Model," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(4), pages 631-649, December.
    3. Batten, Jonathan A. & Szilagyi, Peter G., 2012. "International banking during the Global Financial Crisis: U.K. and U.S. perspectives," International Review of Financial Analysis, Elsevier, vol. 25(C), pages 136-141.

    More about this item

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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