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Deposit Insurance Corporation of Japan

From Wikipedia, the free encyclopedia
Deposit Insurance Corporation
of Japan
Native name
預金保険機構
Yokinhokenkikō
IndustryDeposit insurance
Founded1971; 53 years ago (1971) in Tokyo, Japan
Headquarters
Tokyo
,
Japan
Websitedic.go.jp

The Deposit Insurance Corporation of Japan (預金保険機構, Yokinhokenkikō) 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]

References

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