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DBJ's history

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4. Improvements to quality of life and stable supply of energy (1972-1984)

From the early 1970s, corrections to the imbalance of economic growth and standards of living became a pressing issue. We began to focus on antipollution measures, regional and urban development and other social areas in addition to industrial development. In addition, stable energy supplies took on great importance in the wake of the first oil shock.

Promotion of antipollution measures

Toyo Soda Manufacturing Co., Ltd. (currently Tosoh Corporation):Transformation of the caustic soda manufacturing process (Yamaguchi Prefecture)

Stable energy supply

Tokyo Electric Power Co., Inc.: Tamahara and Imaichi Pumped Storage Power Generating Stations (Tochigi Prefecture)

Hydroelectric energy development

Other examples: Tohoku Electric Power Co., Inc., Kakkonda Geothermal Power Station
Nippon Oil Staging Terminal Company, Limited, crude oil storage base

Urban regeneration and functional improvements

Shinjuku new urban center: Shinjuku Mitsui Building and others (Tokyo)

New urban center formation through redevelopment of purification plant site

Other examples: Shintoshi Kaihatsu Center (currently Sunshine City Corporation) Construction of Sunshine City

Promotion of technological development

Honda Motor Co., Ltd.: Compound vortex controlled combustion (CVCC) engine production facilities

Development of low-pollution automobile engines

Other examples: Sumitomo Electric Industries, Ltd., commercialization of optical fiber cable production technology

Development of large-scale industrial land

Mutsu-Ogawahara Development (currently Shin-Mustuogawahara Development): Development of industrial land (Aomori Prefecture)

5. Development of lifestyle and social infrastructure and a smooth industrial transformation (1985-1995)

From the late 1980s, pressing needs arose for increased domestic demand and an industrial structural shift, against a background of aggravating trade friction with other countries. The Japan Development Bank focused on support for social capital improvement, creative technological development, an industrial transformation and other issues. Further, on reaching the 1990s, we stressed environmental and energy measures and regional economic stimulation with the aim of making Japan a lifestyle superpower.

Promotion of environmental measures

Tokyo Gas Company, Limited: Fuel cells

Introduction of a new eco-friendly power-generation technology

Improvements to lifestyles and urban infrastructure

Pacific Convention Plaza Yokohama: Yokohama Minato Mirai 21 (MM21) (Kanagawa Prefecture)

Construction of Minato Mirai 21 complex of hotels, offices and international conference facilities in a new urban center

Other examples: Nippon Convention Center Inc. (currently Makuhari Messe, Inc.):Construction of Makuhari Messe International Convention Complex

Improvements to basic traffic infrastructure

Yamagata JR Chokko Tokkyu Holdings: Yamagata bullet-train

Improvements to regional railway infrastructure

Other examples: Kansai International Airport Co., Ltd., construction of Kansai International Airport
All Nippon Airways Co., Ltd.: Construction of airplane hangars

Balanced interregional development

Koransha Inc.: Development of structural materials using boron nitride (Saga Prefecture)

Cultivation of the local ceramics industry and development support for new materials

Other examples: Takamatsu Airport Building Co., Ltd., new Takamatsu Airport terminal
Horikawa Seisakusho Co., Ltd. (currently Horikawa Inc.), construction of a factory for eyeglasses

Technological promotion and information dissemination

KSP Inc.: Construction of the Kanagawa Science Park research facilities

Cultivating high-technology enterprises through provision of the Kanagawa Science Park

Other examples: Daini Denden Inc. (currently KDDI Corporation), primary telecommunications services
Daikin Industries, Ltd., commercialization of production technologies for fluorochemical alternatives

6. Creation of a vibrant and affluent society and stable economy (1996-1999)

The Japan Development Bank focused on such important areas as ongoing improvements to social capital, environmental and other measures, and support for venture businesses. In addition, we swiftly implemented reconstruction loans in the wake of the Great Hanshin-Awaji Earthquake and loans in response to the financial environment to stabilize the financial system (“credit crunch” countermeasures).

Promotion of environmental measures

Tachikawa Wind Power Research Institute Co., Ltd.: Wind power generation (Yamagata Prefecture)

Reduction of fossil fuel consumption through utilization of natural energy

Other examples: Iwate Clean Center, Esashi industrial waste comprehensive treatment facilities

Relaxation of regulations/structured finance

Nakayama Joint Power Generation Co., Ltd.: Independent power producer (IPP) power generation operations (Osaka Prefecture)

In step with relaxation of regulations, supporting Japan's first entry by a steelmaker into the power business through project finance

Other examples: Shinko Kobe Power Inc., IPP power generation operations

Safety Net (1995 Great Hanshin-Awaji Earthquake reconstruction)

Hankyu Corporation: Earthquake reconstruction work (Hyogo Prefecture)

Recovery work on traffic infrastructure destroyed by earthquakes

Safety Net (credit crunch countermeasures)

Newspaper reports relating to loans in response to the financial environment

As part of the government's credit crunch countermeasures, the Japan Development Bank implemented emergency loans as funds for repayment on facilities, redemption of bonds and other uses.

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