Development Bank of Japan
Encyclopedia
Government of Japan
The government of Japan is a constitutional monarchy where the power of the Emperor is very limited. As a ceremonial figurehead, he is defined by the 1947 constitution as "the symbol of the state and of the unity of the people". Power is held chiefly by the Prime Minister of Japan and other elected...
through Minister of Finance
Minister of Finance (Japan)
The is the member of the Cabinet of Japan in charge of the Ministry of Finance. This position was formerly cited as being Japan's most powerful and one of the world's, because Japan had historically held the largest foreign exchange reserves...
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Overview
According to its corporate philosophy of "applying financial expertise to design the future," the new DBJ Mission is "to build customer trust and realize an affluent society by problem-solving through creative financial activities." Based on the New DBJ Law, the Bank will provide integrated investment and loan services to domestic and international clients.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.
Financial Information (at the end of 2008)
Total Asset : 14.0174 Trillion Yen (or 153.88 Billion USD)Lending Balance : 12.0266 Trillion Yen (or 132.03 Billion USD)
Capital Ratio (BIS) : 18.69%
[Exchange Rate: 1 USD vs 91.09 Yen (on 18th Sep 2008)]