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The article discusses the economic performance of banking industry in Japan. It mentions the plan of banking company Mitsubishi UFJ Financial Group Inc. to sell its cross-shareholdings, and lower its cross-shareholdings in the forthcoming years. It notes the plan of Sumitomo Mitsui Financial Group Inc. to reduce its ratio of stock holdings to common equity Tier 1 capital.

The article focuses on the consumer preferences on mobile banking in Japan. Topics include the popularity of the Bank of Tokyo-Mitsubishi UFJ Ltd. in the country, the strong reliance of consumers on bank branches for cash transfer, and the security measures in using automated teller machines (ATMs). Comments from Hirotaka Toeda, head of retail business promotion at Jibun Bank, are included.