Looking for Japanese bank account for bitstamp/mtgox arbitrage

[WilcoLaad]

Not sure if this will work, but thought I'd give it a try...

I presume the large difference in price between bitstamp and mtgox is due to the difficulties of withdrawing currency from mt gox. Is there anyone out there with a japanese bank account (or some other non-US or EUR account) who can withdraw from mt. gox more quickly? If so, we can partner up to move money between my accounts in the US --> bitstamp --> mt gox --> your account and we split the arb profits. Any takers?

[1713915371]

1713915371

[1713915371]

1713915371

[1713915371]

1713915371

[Colaxais]

Banks are really backwards in Japan - I'm not sure you'll run into many people who even have internet banking, and fees can get pretty heavy. It's probably a pretty risky system to set up all over, and a lot of effort, too.

[bakada]

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[Colaxais]

I'm not sure you'll run into many people who even have internet banking, and fees can get pretty heavy.

Why even state things you clearly have no understanding or experience of? 

I live in Japan, numpty. Sending money back home can be a real pain in the arse, and everything costs here, even taking your own money out of the bank.
For what he's looking for, I doubt he'll find someone in Japan prepared to go through all the hassle unless it's serious cash, and then there's a huge amount of trust involved.

[bakada]

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[Colaxais]

Yeah, as I mentioned via PM, I could have made it clearer - I can't see a lot of the people on here even bothering to set up internet banking, and the basic services from banks are very basic in my experience. Citibank might be reasonable though.

[keatonatron]

If so, we can partner up to move money between my accounts in the US --> bitstamp --> mt gox --> your account and we split the arb profits.

So...why do they need you? 

[bakada]

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[WilcoLaad]

Thanks...thought it was a longshot, but thought I'd try anyway. Good luck guys!