Foreign banks take market share in Japan (Part II)

As with most operations in Japan, offering cash management services is an expensive endeavour. The cost of hiring staff, licencing charges, clearing fees and the ongoing investment in technology is prohibitive and requires a strong commitment to the market. "Companies operating in Japan are demanding cash management, international trade and treasury solutions that enable them to achieve efficiency improvements, cost reductions and greater financial control - solutions that work both in the local and global context. Citibank is uniquely positioned to deliver against these needs," says Sunil Kaul, Citibank e-Business Head in Japan.