Deposit Insurance Corporation of Japan explained

Deposit Insurance Corporation
of Japan
Native Name:預金保険機構
Native Name Lang:ja
Romanized Name:Yokinhokenkikō
Industry:Deposit insurance
Predecessors:-->
Successors:-->
Founded: in Tokyo, Japan
Hq Location City:Tokyo
Hq Location Country:Japan
Areas Served:-->
Owners:-->

The is the national deposit insurance authority of Japan. It was established in 1971 and is headquartered in Tokyo. Masanori Tanabe has been chair of the organization since 2010. Due to the 1990s' Japanese banking rescue, the company has preferred shares of 29 banks through The Restoration and Collection Company, its subsidiary. New Scientist named it as one of the 147 "superconnected" organizations "with disproportionate power over the global economy."[1]

Notes and References

  1. Coghlan Andy; MacKenzie, Debora (October 24, 2011). "Revealed – the capitalist network that runs the world". New Scientist.