Citi Bank withdrawal from Japan

Citi Bank has decided to withdraw from the Japanese retail banking. They opened the first retail branch in late 1980′s. Their deposit amount has been over 4 trillion yen, (NZ$450 billion). Their revenue has been decreasing for over 5 years. They have been fined by the Japanese Financial Ministry several times since they started their retail operation in 25 years ago. Citi bank currently is the only the Japanese bank which offer non-residents retail bank accounts. Those who are called permanent travelers are so afraid of shutting down their operation in Japan.