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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References in periodicals archive ?
Capping the refund guarantee on liquid deposits is nothing new in Japan, but the problem is that many people have taken it for granted that all deposits are protected by the government even when a bank collapses,'' a DICJ official said.
But the reality is that the deposit guarantee system under the DICJ is not designed for such an eventuality, Kanno said, citing the entity's budgetary constraints.
Betting using rolling chips, as opposed to using cash chips, is also used by the DICJ (Macau Gaming Control Board) to distinguish between VIP table revenue and mass market table revenue.