Deposit Insurance Corporation of Japan


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Deposit Insurance Corporation of Japan

A semi-governmental organization in Japan that insures deposits in banks. That is, if a bank fails, the DICJ will reimburse all lost funds of depositors up to 10 million yen. Unlike some other deposit insurers, the DICJ does not cover foreign currency deposits. The DICJ was established in 1971.
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The government responded by making $250 billion ([yen] 30 trillion) available of which $108 billion ([yen] 13 trillion) went to banks and $142 billion ([yen] 17 trillion) to the Deposit Insurance Corporation of Japan.
The various bailout packages in Japan were administered primarily by the Deposit Insurance Corporation of Japan (DICJ).
will form a holding company to acquire all Ashikaga Bank shares from the governmental Deposit Insurance Corporation of Japan for 120 billion yen on July 1, the FSA said.

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