Development Bank of Japan

Head office in Chiyoda Ward, Tokyo

Development Bank of Japan Inc.("DBJ") (株式会社 日本政策投資銀行, Kabushiki-gaisha Nippon-seisaku-tōshi-ginkō) is a Japanese corporation 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 Minister of Finance.

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. 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. In addition, most of the staff at the bank are from the University of Tokyo and other prestigious universities. This not only makes for a cozy relationship, it allows many of the staff to live in a free and easy lifestyle. This is especially true when people from the head office are temporarily located in the countryside. They can afford luxurious lifestyles. One prominent example is the case of Ozaki Masahiko. When he was transferred to the Hiroshima office, he proceeded to have an affair with a married woman, taking her on business trips on his DJB expense account. When people complained, DBJ's response was, It is ok, no one is defaulting on our loans!

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 18 September 2008)]

External links

• Excerpt from the New DBJ Law (Law No. 85 of 2007)
• Company Website