Development Bank of Japan Inc. ("DBJ") (株式会社 日本政策投資銀行) 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 Ministry of Finance.
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