Malaysian financial system benefiting from Japan: Governor

Malaysia welcomes the continued participation of Japanese financial institutions in the domestic financial sector and in the Labuan International Business and Financial Centre.

The country's financial system reatly benefited from Japanese investments through expertise transfer, knowledge, technology and enhanced economic inter-linkages, said Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz.

As of last month, there are four commercial banks, four insurance companies, one reinsurance company and one joint-venture takaful operator from Japan operating in Malaysia, she said at the opening the Bank of Tokyo Mitsubishi Bhd Penang branch.

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