Foreign banks account for a large and growing share of the American market.
But the bank account it asks people to send them to is not in Japan.
Japanese banks account for half the foreign bank lending, up from a 34 percent share five years ago.
The Bank now accounts for more than 10% of the remittance business.
Now banks account for 30 percent, while the capital markets dominate.
Commercial banks, by comparison, accounted for just $23.9 billion of the gain.
Bank accounts for migrants can be opened before people arrive in the country using their easy account opening process.
In 1980 British banks accounted for 80 per cent of company debt.
Yet foreign banks still account for less than 3% of Italian banking assets.
Bank, insurance and financial services stocks accounted for about a quarter of the portfolio at last report.