Institute of Foreign Bankers, Japan: Foreign bankers present united front.

Nothing is simple about doing business in Japan. Even the formation of a foreign banks' association--a small and boring administrative detail in most countries--is complicated by sticky political questions.

The Institute of Foreign Bankers claims that it has made great progress in cutting the costs of doing business in Japan and in promoting a valuable flow of information among members of the foreign banking community. It was formed in late 1984 as most of the foreign banks in Japan struggled to make ends meet in a rapidly changing financial environment.

The IFB was the idea of Bruce MacIlwaine, principal manager for Japan at Lloyds Bank International.

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