is a Japanese

development bank A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitm ...

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 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 ...

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-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)

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 Development finance institutions