https://legal.excellentwiki.com/japan/banking-law/Recent content in Banking Law on ExcellentWiki - Legal EncyclopediaHugoen-USTue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/japan/banking-law/japan-banking-law/Tue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/japan/banking-law/japan-banking-law/<h2 id="the-banking-act">The Banking Act</h2> <p>The principal legislative framework for banking in Japan is the <strong>Banking Act</strong> (<em>Ginkō Hō</em>, Law No. 21 of 1927). Originally enacted in the late Taishō period, the Act has undergone fundamental revisions, most notably in 1981 (when it was substantially rewritten to align with international banking standards), 1998 (post-financial crisis reforms), and 2006 (consolidation of financial regulation). The Banking Act defines a bank as a person licensed by the <strong>Prime Minister</strong> (acting through the Financial Services Agency) to engage in deposit-taking, lending, and fund transfer services.</p>