Customers have long stashed cash, jewels, housing deeds and whatever else they wanted to keep secure in safety deposit boxes. Now they’re having second thoughts.
Mizuho Bank signage outside a branch near the Musashi Koyama Palm shopping arcade in Tokyo. Bloomberg
Japan has a safety deposit box problem. It is just not clear whose problem it is, exactly.
For decades, safety deposit boxes have been where Japanese customers stashed hard cash, jewels, housing deeds and whatever else they wanted to keep secure or away from prying eyes.
Financial Times
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Original URL: https://www.afr.com/world/asia/the-japanese-trust-banks-even-less-now-the-reason-will-surprise-you-20250403-p5loy8
