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Business trends

Japan regional banks to help businesses spread wings in Asia

Partnership to set up offices in 20 countries, including China and Vietnam

Customers shop at a Tokyo store set up by a regional trading house of Niigata Prefecture-based Daishi Hokuetsu Financial Group. (Photo by Ryoske Matsuzoe)

TOKYO -- Japanese regional banks will pool financial and human resources to help smaller businesses find customers and establish sales channels in China, Vietnam and other overseas markets.

Yamaguchi Financial Group and Michinoku Bank will soon enter into a partnership with Tokyo-based RCG, which supports regional trading houses. Plans call for setting up offices in such countries as China, Russia and Vietnam this fiscal year through RCG, expanding the network to around 20 nations within five years.

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