The is the national

deposit insurance Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of ...

authority of

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

. It was established in 1971 and is headquartered in

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 ...

. Masanori Tanabe has been Chair of the organization since 2010. Due to 1990s' Japanese banking rescue, the company has preferred shares of 29 banks remain uncalled through The Restoration and Collection Company, its subsidiary . ''

New Scientist ''New Scientist'' is a magazine covering all aspects of science and technology. Based in London, it publishes weekly English-language editions in the United Kingdom, the United States and Australia. An editorially separate organisation publishe ...

'' named it as one of the 147 "superconnected" organizations "with disproportionate power over the

global economy The world economy or global economy is the economy of all humans of the world, referring to the global economic system, which includes all economic activities which are conducted both within and between nations, including production, consumption, ...

."Coghlan Andy; MacKenzie, Debora (October 24, 2011)
Revealed – the capitalist network that runs the world.
''

References

External links

* Banks established in 1971 Government-owned companies based in Tokyo Banking in Japan Deposit insurance 1971 establishments in Japan {{finance-stub