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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Other exciting slot machines that have already been approved by the DICJ include slot titles that we partnered with LT Game Japan, such as "Rank Up Dragon", "GOD of the SEA", "Fortune Master" and "Fortune Monkey".
The rating on the organisation, operating Japan's deposit insurance system, is based on the agency's criteria for assessment of government-related entities, S&P said adding there were no changes to DICJ's standalone credit profile and the prospects of extraordinary state aid factored into its ratings.
As shown in Table 2, as of March 2007, the DICJ had provided financial assistance in the amount of $399 billion.
The DICJ had injected capital into 25 different banks.
The last capital injection reported by the DICJ was in March 2003.
The grants were funded by $110 billion (13 trillion [yen]) in DICJ bonds issued (repaid from taxpayer funds) and from premiums from deposit insurance.
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.
''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.
With around JPY300bn in deposits and JPY30bn to JPY40bn in outstanding loans, the bank is now under the supervision of the DICJ.
Paulo Martins Chan, Director of DICJ delivered a speech in the MGS Summit regarding "The law and supervision of Macau gaming industry".
With Macao's gaming liberalization in 2001, six gaming licenses have yielded 33 casinos in Macao (as of 2010) from under 17 in 2003 (DICJ, 2010).