Japan
J.P. Morgan in Japan
Local Presence
Letter from the Senior Country Officer
J.P. Morgan’s history in Japan dates back to 1924, the year after the Great Kanto Earthquake when J.P. Morgan underwrote disaster recovery bonds issued by the Japanese government. Since then, Japan has been one of the most important markets for the firm. J.P. Morgan provides various services through JPMorgan Securities Japan Co., Ltd., JPMorgan Chase Bank N.A., Tokyo Branch, and JPMorgan Asset Management (Japan) Limited to corporate clients, financial institutions and government agencies.
In the words of J.P. Morgan Jr., the firm is dedicated to conducting “first-class business in a first-class way” and to be the world’s most trusted and respected financial services institution. Corporate responsibility has also always been central to how we do business, and we actively contribute to local communities.
We strive to retain talent, and leverage our strength, global reach, expertise, relationships, and our access to capital to continue providing the best solutions for our clients.
Senior Country Officer, Japan
Steve Rinoie
Corporate Responsibility
Being a good corporate citizen and operating with integrity is central to how we do business. We help build economies and communities globally.
Through the support of JPMorgan Chase & Co., J.P. Morgan’s corporate responsibility activities support various non-profit organizations and a wide range of employee volunteer activities. Our current initiatives are focused around supporting workforce readiness, and small business development in the communities where we do business. We also offer skill-based volunteering support by the employees to the grant programs.
Support from the JPMorgan Chase & Co. Foundation
In Japan, J.P. Morgan currently supports, through commitments from JPMorgan Chase & Co., the organizations below. Our employees also provide pro bono support.
Jobs & Skills: Helping Youth & Women gain future-ready skills to participate in workforce
Sodateage Net
Target: NEET Youth (not in Education, Employment or Training)
Provides comprehensive skills training including digital skills and support services as well as exposure to work experience to equip NEET youth with skills and capabilities needed to participate in the workforce. The program has helped 6,000 young people since 2014.
Junior Achievement Japan
Target: Junior High School Students
Support students to make a successful transition from education to employment by inspiring them on STEM (science, technology, engineering and mathematics) learning and increasing their awareness of related career pathways.
Small Business Development
ETIC
J.P. Morgan has established a partnership with ETIC. (Entrepreneurial Training for Innovative Communities), a Japanese non-profit organization, committed to foster social businesses and their leaders.
RCF
Target: Small business in Tohoku
Support small businesses in the tourism sector in Tohoku with an aim to boost the overall business environment in the disaster affected area by helping improve hiring / retention practices and redefine strategy to enhance marketing and service quality, as well as productivity.
MAKOTO
Target: Small business in Tohoku
J.P. Morgan has developed a partnership with MAKOTO, a general incorporated association committed to foster entrepreneurs in the Tohoku area and to support startup businesses to ensure sustainable growth and create jobs in the region.
Financial Health
Japan NPO Center
Target: Low-income youth and women, especially single mothers
Conducts research to assess and better understand the context, financial needs, challenges and intervention opportunities for low-income youth and women, especially single mothers, to help them better manage their finances and reach their financial goals in life
Employee Volunteering
We know that our strongest asset is the talent of our employees, and we connect employees to our communities to support inclusive growth in the places where we live and work, including:
- Traditional volunteerism with nonprofit organizations
- Supporting the long-term sustainability of nonprofits through pro bono consulting and board service
- Mentorship programs that help prepare young people for careers and for life, and to support the growth of diverse small businesses
Skills-based Volunteering
- Employees bring specific skills-based expertise to address social issues to support partner NPOs and small business owners
- Legal Clinic for small business
- Legal Classroom and English lessons for residents of a children’s home
- RELINE mentoring and exam preparation for high school children
- Consultation to small business owners on matters such as management strategy
- IT skill sessions, such as website creation and project management
- Financial literacy classes for women and young people
- Mock interview sessions for youth employment support
Hands-on Volunteering
Employees bring general skills to collaborate with partner NPOs engaged in their area of interest.
Children, elderly, people with disabilities, and other populations in need of support
- Summer camp with children’s home
- Soup kitchen and food delivery with food bank
- Sign language class and exchange sessions with hearing-impaired people
- Children’s soccer camp in Fukushima
- Sports event for children with intellectual challenges
- Charity bazaar and summer cleanup for school serving children with special needs
- Office tour for residents of a children’s home
- Visit to a guide dog center to support center activities
Environment, Animal welfare
- Mt. Fuji Eco-project
- Beach cleanup along with environment educational programs
- Street cleanup in metropolitan Tokyo
- Maintenance of bird watching conservatory
- Cat shelter support
Fund Raising
- Charity running with multiple groups; FIT for Charity, Run for the Cure, Yamathon, Tohoku Food Marathon
Our Local History
With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability.
J.P. Morgan’s history in Japan dates back to 1924, the year after the Great Kanto Earthquake. J.P. Morgan underwrote US$150 million in disaster recovery bonds, the first dollar-denominated bonds ever issued by the Japanese government. In recognition of this service, the Japanese government presented decorations to John Pierpont Morgan, Jr. and two other partners. In subsequent years, the company has steadily expanded its operations in Japan.
The Chase Manhattan Bank, a predecessor of JPMorgan Chase Bank, founded its Tokyo branch in 1947. The bank grew to become Japan’s leader in foreign exchange dealing, and advanced together with the Japanese post-war economic reconstruction.
- 2008: The Tokyo branch of Bear Stearns Securities is closed and its businesses transferred to JPMorgan Securities Japan Co., Ltd.
- 2006: J.P. Morgan Securities Asia Pte. Limited Tokyo branch changes its corporate structure to a Japanese corporation and commences its business operations as JPMorgan Securities Japan Co., Ltd.
- 2001: The Tokyo branches of Jardine Fleming Securities (Asia) and Chase Securities are closed and their businesses transferred to the Tokyo branch of J.P. Morgan Securities Asia Pte. Limited.
- The Tokyo branches of Morgan Guaranty Trust Co. of New York and Chase Manhattan Bank merge to form the Tokyo branch of JPMorgan Chase Bank.
- 1987: J.P. Morgan Securities Asia Ltd. opens a Tokyo branch.
- 1974: Chase Manhattan Corporation is listed on the Tokyo Stock Exchange.
- 1972: Chemical Bank opens a Tokyo branch.
- 1961: Morgan Guaranty Trust Co., of New York, the banking arm of J.P. Morgan, establishes a representative office in Tokyo.
- 1947: Chase National Bank becomes the first foreign bank to open a branch in Tokyo in the post-war era.
- 1924: J.P. Morgan underwrites US$150 million in disaster recovery bonds issued by the Japanese government after the Great Kanto Earthquake.
Work Environment
J.P. Morgan provides a variety of employee support programs to foster a better working environment and to improve employee’s work life balance.
- Happy Baby program:J.P. Morgan provides various resources and services to support our female employees to continue working after childbirth. A number of programs such as paternity leave and childcare leave are also available to our male employees with children. Programs cover such areas as maternity and child care leave, reduced work schedules and staggered working hours after returning to work, as well as subsidies for childcare centers, childcare center, back-up childcare services, matching service, babysitter services, sick-time babysitting and associated coupons. A mother’s room is available in the office. Many working mothers continue building their careers while raising their children.
- Family Care Leave: Family care leave program exists that exceed legal requirement to allow employees to continue working while caring for family members.
- Flexible Work Arrangements: Flexible work arrangements, including flextime, staggered working hours, part-time and work at home arrangements, are available to our employees to support diverse working style based on job role and family circumstances.
- Domestic Partner Program: Registered domestic partners and their family members can use programs such as adoption
- Employee Assistance Program: J.P. Morgan provides counseling services through a third-party organization that allows our employees to discuss issues and challenges related to their workplace, career, marriage, divorce, childbirth, and personal health.
- Wellness program: The firm offers an annual health checkup. Health Fair and various awareness seminars are also held.
- J.P. Morgan’s Action Plan to support the development of the next generation is based on the Revised Act on Advancement of Measures to Support Raising Next-Generation Children.
- J.P. Morgan’s Action Plan to support women in workplace by creating a working environment where female employees can receive supports and benefits from work-life-balance and various flexible working styles.
Diversity and Inclusion
At J.P. Morgan, diversity and inclusion is a cornerstone of our global corporate culture. Individuals of any ethnicity, nationality, culture, gender, sexual orientation, religion and physical ability have the opportunity to excel based on their performance and contribution to the firm. We hire, train and retain people with unique experiences and diverse backgrounds because we believe that it strengthens our global business capabilities. We believe that our collective diversity and inclusion effort is our strength, brings creativity to our work and leads to the best solutions for our clients.
Japan’s diversity and inclusion initiatives include:
Female employees
J.P. Morgan actively supports female employees’ career development. The Women On the Move Japan (“WOTM IN Japan”), comprising employees in the Japan office, plays a key role in helping to improve the work environment for female employees, to increase the number of female executives across our franchise and helping our female employees develop their careers over the long term. The group provides employees with numerous networking opportunities, mentoring, training for career progression and skill development programs. WOTM IN Japan also works in partnership with external groups and organizations to provide networking opportunities.
In addition, J.P. Morgan organizes a recruiting seminar called “Winning Women,” specifically designed for female students across the globe. In Japan, we host the event every fall and provide female students with opportunities to talk to female employees at the J.P. Morgan Tokyo office.
Employees with disabilities
At J.P. Morgan, employees with disabilities work in a wide range of positions. We provide tailored support for these employees as needed, including flexible work arrangements, skills development and career management, so that they are able to maximize their potential.
Our Access Ability group acts as a resource on disability issues, a voice for employees with disabilities, and a partner in the success of all JPMorgan Chase colleagues.
LGBT
J.P. Morgan supports LGBT (lesbian, gay, bisexual, and transgender) staff with inclusive policies. For instance, the company’s provisions for child care, family care and adoption leave, child birth leave and ex-gratia payment apply with domestic partners and domestic partner’s children.
Our PRIDE group engages and supports our Lesbian, Gay, Bisexual and Transgender employees, and Allies and management, in promoting an inclusive environment.
J.P. Morgan was again ranked ‘Gold’ in the work with Pride index in 2019 for its inclusive policies and support for LGBT employees, and was among the first companies to be ranked when the index launched in 2016.
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