Borrowing money from a Japanese Bank?

I live in Australia and want to borrow money from a Japanese Bank. I have obtained a list of banks in Japan but all their websites do not provide me with the appropriate information or contacts. My understanding is that Japanese banks charge a very low interest rate - if you have used this strategy for investment and opened an account with a Japanese Bank I would greatly appreciate some contact details or advice on the matter.

What you are describing is what is called "carry trade". The traditional carry trade is defined as borrowing money from a source (country - Japan) that is charging low interest rate and converting and investing in an asset that grows at a higher rate. At the end of the period, taking money out, converting it back to Yen (Japanese currency) and pay back your loan. If carry trade is successfull, you will end up with extra money which is your profit.

You still have to account for the conversion rate which will fluctuate in accordance to the Japanese interest rate. The currency market is very competitive and if a carry trade opportunity is available, the traders will jump on it until the market adjusts the rates to compensate.

Good luck if you attempt a carry trade.

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