Throughout its long and storied history, Seiko has periodically released so-called "Pair Watch" sets consisting of his & her watch sets - like this near new-old stock (NOS) full set here, which includes his & her gold "Gifu Shinkin Bank" watches: 7201-0BR0 (his) and 1N01-0BX0 (her) watches, dual Seiko instruction manuals, dual Seiko warranty paperwork, and inner/outer Seiko boxes for both.
But why do we call this a "Gif Shinkin Bank" set?
Engraved on the back of each of these Seiko gold watches is the wording The Gifu Shinkin Bank, most likely a reference to Gifu Shinkin Bank, a prominent cooperative credit association (shinkin bank) headquartered in Gifu City and serving local residents and small businesses
A Shinkin bank (信用金庫, Shin-yō kinko; literally "credit treasury") is a type of Japanese deposit institution, which are cooperative regional financial institutions serving small and medium enterprises and local residents. Anyone who lives, works, or has an office in the region served by the bank can become a member. However, companies with over 300 employees are prohibited from membership.
The Shinkin Central Bank serves as the central bank for the Shinkin banks. In this role it makes loans to and accepts deposits from Shinkin banks, which were founded in 1951. These institutions provide a range of financial services, including securities operations, regional trading company operations, overseas business support, consumer credit guarantees, investment management, investment and M&A intermediary services, and outsourced data processing.
The banks were created to serve some of the same functions as credit unions, but can accept deposit from non-members (inside and outside their area) without limitation and make loans to the "graduated" (outgrew the membership qualifications) members. As of 2026, there were nearly 300 Shinkin banks in Japan with nearly two trillion yen in deposits.
Gifu (岐阜市) itself is a city located in the south-central portion of Gifu Prefecture, Japan, which serves as the prefectural capital; the city played an important strategic role in Japan's history because of its location in the middle of the country. During the Sengoku period, various warlords used the area as a base in their efforts to unify and control Japan. Among them was Oda Nobunaga, who gave the region the name it is known by today.
When Gifu was founded in 1889, it was a small city that experienced moderate growth as Japan industrialized at the beginning of the century. During Japan's military buildup in the 1930s, the city became an industrial center and experienced exponential growth, and Gifu remained prosperous in the post-war years, until its population started to decline like many Japanese cities in the 1980s and '90s.
Though the city has shown a large increase in population in recent years, this trend results largely from the inclusion, for the first time, of the population of Yanaizu, which added about 13,000 people to Gifu's numbers. Foreign residents of the city, who number over 9,000, also factor into this growth. Shortly after this change, however, the city's economic revival strengthened and the population began to show a true increase, although this has reversed in recent decades.
Gifu has continued to flourish even after Japan's unification as both an important shukuba along the Edo period Nakasendō and, later, as one of Japan's fashion centers. It has been designated a core city by the national government. As of 2019, the city had an estimated population of 401,534 in 178,246 households.
The city is currently promoting the Slow Life City Initiative, which is similar to, but more comprehensive than, the slow food initiative. It is designed to encourage residents to lead slower lifestyles and provide an alternative to the fast-paced life of the modern world. Major elements of this campaign include more dependence on locally grown food; traditional culture and arts; and activities to increase citizens’ participation in their community. In addition to slow food, Gifu also hopes to include slow industry (traditional crafts), slow education (studying quality of life), and slow tourism (represented by cormorant fishing).
Seiko introduced its 7Nxx movement in circa 1993, and it came in a range of styles and dial colors, to include the unique helmet-shaped watch here - Seiko would cease production of the calibre in 2009.
Each of the gold Seiko watches om this set comes on a leather croc-style strap, and with rugged travel case, two Seiko instructions manual, two Seiko warranty cards, springbar tool, and inner/outer Seiko boxes.
Near NOS Gold 1995 Seiko 7N01-0BR0 & 1N01-0BX0 "GifuShinkin Bank" Pair Watch Set
DIAL: Both Seiko dress watches in this set feature simple gold dials, with black stick hands and gold seconds hands.
CASE: Gold 7N01 (his) case measures 33.5mm (34mm with crown) x 38mm, with matching caseback; gold 1N01 case measures 24.5mm (25mm with crown) x 29mm, also with matching caseback. Both casebacks features the "Gifushinkin Bank" engravings, crisply legible.
CRYSTAL: Both Seiko watches feature hardlex crystals, no scratches or cracks.
BAND: Both gold dress watches come on a black leather croc-style straps, with gold hardware.
MOVEMENT: Seiko 7N01 hacking quartz movement, manufactured in January 1995; Seiko 1N01 hacking quartz movement, manufactured in February 1995.
CROWN: Unsigned gold crowns.
Of note, these two gold Seiko dress watches come with original Seiko instructions manuals, in both English and Kanji Japanese languages, as well as original Seiko warranty paperwork for both and original Seiko "Pair Watch" inner/outer dress watch boxes.

