The DICJ had injected capital into 25 different banks.
The last capital injection reported by the DICJ was in March 2003.
The Resolution and Collection Corporation (RCC), a subsidiary of the DICJ, borrows funds from the DICJ to purchase and dispose of assets (within three years) from sound financial institutions and some under special public management.
The DICJ also was given permanent authority to assist ailing financial institutions when so ordered by the Prime Minister.
In most cases, the DICJ could use its discretion in determining the nature of the assistance.
Government holdings of corporate shares have generated dividend income and capital gains for the DICJ.
35) Most of the assistance to failing institutions, however, carried conditions that were enforced by the DICJ.
The DICJ cannot refund all deposits with the premiums should there be a chain-reaction failure of financial institutions and Japanese government bonds will have to be issued,'' Kanno said.
In most major countries, a public entity resembling Japan's DICJ is in charge of the deposit insurance system and responsible for capping the limit on full protection.