Development_Bank_of_Japan

Development Bank of Japan

Development Bank of Japan

Add article description

Development Bank of Japan Inc. ("DBJ") (株式会社 日本政策投資銀行, Kabushiki-gaisha Nippon-seisaku-tōshi-ginkō) is a Japanese development bank incorporated on 1 October 2008 under the Development Bank of Japan Inc. Law (Law No. 85 of 2007). Current ownership structure of DBJ is solely owned by the Government of Japan through the Minister of Finance.

Quick Facts Native name, Company type ...

Overview

The Bank provides integrated investment and loan services to domestic and international clients. A large number of the clients are Japanese companies requiring basic investments. DBJ provides most of them at low and flexible interest rates, and so the default rate is very low. [citation needed]

History

  • 1947 January: Establishment of Rehabilitation Finance Corporation
  • 1951 April: Development Bank of Law established. Consequently, Development Bank of Japan was formed
  • 1956 June: Hokkaidō-Tōhoku Development Finance Public Corporation was formed under establishment of Hokkaidō-Tōhoku Development Finance Public Corporation Law (HTDFC Law)
  • 1957 June: After amendment of HTDFC Law, Hokkaidō-Tōhoku Development Finance Public Corporation was merged into Development Bank of Japan
  • 1999 June: Amended Development Bank of Japan Law established
  • 1999 October: Transfer of approval of all rights and responsibilities of Japan Development Bank and Hokkaido-Tohoku Development　Finance Public Corporation to the Development Bank of Japan
  • 2008 October: Dissolution of the existing Development Bank of Japan and establishment of a new corporation, the Development Bank of Japan Inc.
  • 2017: Partnership announced with M&A advisory firm BDA Partners.[1]

Financial information (at the end of 2008)

Total Assets: 14.0174 trillion yen (or US$153.88 billion)
Lending Balance: 12.0266 trillion yen (or US$132.03 billion)
Capital Ratio (BIS): 18.69%
[Exchange Rate: US$1 vs 91.09 yen (on 18 September 2008)]

References

  1. [1]
    Lewis, Leo (7 September 2017). "Development Bank of Japan to form strategic partnership with BDA Partners". Financial Times. London. Retrieved 13 November 2018.
Share this article:

This article uses material from the Wikipedia article Development_Bank_of_Japan, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.