Okinawa Development Finance Corporation
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Okinawa Development Finance Corporation
Okinawa Development Finance Corporation (ODFC), ''Okinawa Shinkō Kaihatsu Kin'yū Kōko'' (沖縄振興開発金融公庫), is a Policy-based financial services institution. ODFC's headquarters are located in Tokyo, Japan. Overview The ODFC's key role is to promote the development of industries in Okinawa Island, Okinawa. This is through the provision of long-term loans and other financial facilities to Small and medium-sized enterprises, small and medium-sized entrepreneurs in the island that are in the agriculture, housing, forestry, fishery and medical industries. The ODFC will also finance citizens who have met difficulties obtaining funding from private financial institutions. Through such financial assistance, the ODFC aims to vitalize the local economy of Okinawa and aid in the development of the local society. History The Okinawa Development Finance Corporation was established on May 15, 1972 with the passing of the Okinawa Development Finance Corporation Law. Thi ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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Government Of Japan
The Government of Japan consists of legislative, executive and judiciary branches and is based on popular sovereignty. The Government runs under the framework established by the Constitution of Japan, adopted in 1947. It is a unitary state, containing forty-seven administrative divisions, with the Emperor as its Head of State. His role is ceremonial and he has no powers related to Government. Instead, it is the Cabinet, comprising the Ministers of State and the Prime Minister, that directs and controls the Government and the civil service. The Cabinet has the executive power and is formed by the Prime Minister, who is the Head of Government. The Prime Minister is nominated by the National Diet and appointed to office by the Emperor. The National Diet is the legislature, the organ of the Legislative branch. It is bicameral, consisting of two houses with the House of Councilors being the upper house, and the House of Representatives being the lower house. Its members are direc ...
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Government-owned Companies Of Japan
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ...
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Banks Of Japan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Japan Finance Corporation
, is a Public company, public corporation that provides financial services in Japan and internationally. Its headquarters are located in Tokyo, Japan. Overview JFC is a policy based financial institution whose co-function is the provision of business loans to Small and medium-sized enterprises, SMEs and business start-ups; and educational loans to individuals for school entrance fees and related expenses. All these are with the aim of complement financial activities carried out by privately owned financial institutions as well as improve the living standards of the Japanese people. The company has 152 branch offices in Japan, 2 representative offices overseas, and a workforce of 7,364 employees. History Japan Finance Corporation was founded on 1 October 2008 with the passing of the Japan Finance Corporation Act. This Act led to the merger of four policy-based financing institutions i.e.: * The National Life Finance Corporation (NLFC) * The Agriculture, Forestry and Fishe ...
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Development Bank Of Japan
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 A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " .... 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-Tōh ...
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Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo, Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''Scrip of Edo period Japan, hansatsu'', in an array of incompatible denominations, but the ''New Currency Act'' of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar. The former Han (Japan), han (fiefs) became Prefectures of Japan, prefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded ...
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List Of Banks In Japan
This is a list of banks in Japan. Central Bank * Bank of Japan Governmental institutions Existing National Institutions * Development Bank of Japan, or DBJ * Japan Finance Corporation, or JFC ** Japan Bank for International Cooperation, or JBIC , the internal division of Japan Finance Corporation. * Okinawa Development Finance Corporation * Shoko Chukin Bank * Japan Housing Finance Agency Postal Savings Bank *Japan Post Bank, former Japan Post's banking division and subsidiary of the successor Japan Post Holding. Regional Municipalities', Authorities' Mutual Corporation * Japan Finance Organization for Municipalities , restructured to Japan Finance Organization for Municipalities. Defunct National Institutions * Agriculture Forestry and Fisheries Finance Corporation , merged to Japan Finance Corporation. * Japan Finance Corporation for Small and Medium Enterprise , merged to Japan Finance Corporation. * National Life Finance Corporation , merged to Japan Finance Cor ...
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Ministry Of Finance (Japan)
The is one of the cabinet-level ministries of the Japanese government. The ministry was named the until 2001. The Ministry is headed by the , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister. Overview The Ministry originated in the 6th century, when the was established as a state treasury in ancient Japan. When a modern system of government was introduced after the Meiji Restoration, the was established as a government body in charge of public finance and monetary affairs. It is said that new ministry employees are subtly reminded that the Ōkura-shō predates by some 1269 years when the new Constitution was imposed on the nation by the U.S. occupation forces in 1947. The Ministry has long been regarded as the most powerful ministry in the Japanese government. After various financial scandals revealed in the 1990s, however, the Ministry lost its power over banking supervision to a newly established Financial Services Ag ...
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United States Civil Administration Of The Ryukyu Islands
The was the civil administration government in the Ryukyu Islands, Japan (centered on Okinawa Island), replacing the United States Military Government of the Ryukyu Islands (itself created at the conclusion of World War II) in 1950, and functioning until the islands were returned to Japan in 1972. History The U.S. National Archives and Records Administration describes USCAR's history thus: Following signing of the Instrument of Surrender, 2 September 1945, Ryukyu Islands were administered by Department of the Navy, 21 September 1945 – 30 June 1946, with Commanding Officer, Naval Operating Base, Okinawa functioning as chief military government officer under authority of Commander-in-Chief U.S. Pacific Fleet. Transfer of administration from Department of the Navy to War Department authorized by Joint Chiefs of Staff (JCS) approval, 1 April 1946, of JCS 819/11, 5 March 1946, with added proviso of JCS 819/12, 22 March 1946. Pursuant to implementing instructions of General Headqu ...
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Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 million residents ; the city proper has a population of 13.99 million people. Located at the head of Tokyo Bay, the prefecture forms part of the Kantō region on the central coast of Honshu, Japan's largest island. Tokyo serves as Japan's economic center and is the seat of both the Japanese government and the Emperor of Japan. Originally a fishing village named Edo, the city became politically prominent in 1603, when it became the seat of the Tokugawa shogunate. By the mid-18th century, Edo was one of the most populous cities in the world with a population of over one million people. Following the Meiji Restoration of 1868, the imperial capital in Kyoto was moved to Edo, which was renamed "Tokyo" (). Tokyo was devastate ...
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Government Of The Ryukyu Islands
The was the self-government of native Okinawans during the American occupation of Okinawa. It was created by proclamation of the United States Civil Administration of the Ryukyu Islands (USCAR) on April 1, 1952, and was abolished on May 14, 1972, when Okinawa was returned to Japan, in accordance with the 1971 Okinawa Reversion Agreement. The government consisted of an executive branch, a legislative branch, and a judicial branch. Members of legislature were elected. The legislature made its own laws, and often had conflicts with USCAR, who could overrule their decisions. The government was headed by a . From 1952 to 1960, the Chief Executive was appointed by USCAR. He was then nominated by the leader of the dominant party of the legislature (1960–66), elected in the legislature (1966–68), and finally elected by the citizens (1968–72). Background In 1945, the Okinawa Advisory Council was established by order of the United States Armed Forces, to administer the Okinawa Is ...
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