is a Japanese
development bank
Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis.
DFIs are often established and owned by governments or ...
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
The Government of Japan is the central government of Japan. It consists of legislative, executive (government), executive and judiciary branches and functions under the framework established by the Constitution of Japan. Japan is a unitary st ...
through the
Minister of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfolio ...
.
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.
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.
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%
xchange Rate: US$1 vs 91.09 yen (on 18 September 2008)
See also
*
List of national development banks
References
External links
Excerpt from the New DBJ Law (Law No. 85 of 2007)
{{DEFAULTSORT:Development Bank of Japan Inc.
Banks of Japan
Banks established in 2008
Government-owned companies of Japan
Japan
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...