DBJ's history｜Development Bank of Japan Inc.

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DBJ's history

Year	Social and Economic Landmarks	DBJ Milestones	DBJ Financial Foci
1945	1950 Specialprocurement for the Korean conflict 1952 SanFranciscoPeaceTreaty	1951 JapanDevelopment Bank established 1952 Branch offices established in Osaka, Nagoya and Fukuoka	Loans for the rationalization, modernization and cultivation of such important industries as coal and steel Assistance with development of power supply, which forms the basis for the economy and industry
1955	1955 Formal entry into GAAT 1959 “Iwato Keiki” economic boom 1962 Birth of the YS-11 aircraft 1963 Opening of the Meishin Expressway	1956 Hokkaido Development Finance Public Corporation established 1960 Takamatsu Branch Office established 1961 Hiroshima Branch Office established 1962 New York Representative Office established 1962 Annual loans reached \100 billion 1963 Representative offices established in Kagoshima and Matsue 1964 London Representative Office established	Improvement and reinforcement of energy and export capacity, which support Japan's industrial base Support for new industries, which form the driving force for new economic development
1965	1967 Population reaches 100 million 1969 Completion of the Tomei Expressway 1973 First oil shock 1974 First postwar negative growth	1972 Niigata Representative Office established	Ø Focus for domestic industry on bolstering international competitiveness and independent technological development, while eschewing capital liberalization Ø Focus on improvements to urban logistics facilities and boosting export capacity as a result of concentration of the population in major cities Ø Aggravation of such environmental problems as atmospheric, water and noise pollution in step with the progression of high economic growth, necessitating improvements to facilities for pollution prevention
1975	1975 Shinkansen bullet train extends to Hakata 1977 Appreciation of the yen 1979 Second oil shock	1975 Frankfurt Representative Office established 1977 Investment and finance balance reached \4 trillion 1981 Annual investment and finance reaches \1 trillion 1984 Investment and finance balance reached \7 trillion	Ø Securing stable energy supplies through introduction of alternative energy to oil and promotion of energy conservation against the background of the oil shock Ø Focus on conspicuous disparity in quality of lifestyles as income levels approach parity with Europe and the U.S. and/or consequent need for improvements
1985	1985 Plaza Accord 1985 Privatization of Nippon Telegraph and Telephone Public Corporation and Japan Tobacco & Salt Public Corporation 1986 High-yen recession 1987 Black Monday 1987 Privatization of Japan National Railways 1988 Escalation of land prices	1987 Commenced social capital interest-free loans	Further corporate participation in the communications sector against the background of relaxation of regulations in the telecommunications industry Introduction of private sector power and promotion of improvements to social capital, which fulfills an incubator function Promotion of capital investment in Japan by foreign-funded enterprises, against a background of intensifying trade disputes
1989	1989 All-time Nikkei Stock Average high 1991 Gulf War 1991 Eruption of Mt. Unzen-Fugen 1994 Opening of Kansai International Airport 1995 Great Hanshin-Awaji Earthquake 1997 Bankruptcy of Hokkaido Takushoku Bank and Yamaichi Securities	1989 Representative offices established in Oita, Matsuyama, Okayama and Toyama 1995 Established New Business Support Office 1997　Bill entitled “Pertaining to Consolidation and Rationalization of Special-Purpose Companies, etc.” approved by Cabinet	Ø Improvements to the lending mechanism to reflect policy shifts from pollution prevention to environmental preservation Ø Support to promote new participation and penetration in sectors experiencing relaxation of regulations Ø Swift response with reconstruction loans in the wake of the Great Hanshin-Awaji Earthquake
1998	2001 September 11 terrorist attacks in the U.S. 2002 Financial Revitalization Program 2005 Opening of Chubu International Airport	1999 Development Bank of Japan established 1999 Singapore Representative Office established 2005 “The Important Policy of Administrative Reform” approved by Cabinet	Investment and financing activities targeting three areas: community development, environmental conservation and sustainable societies, and creation of technological and economic vitality

Reconstruction and independence of the economy (1951-1955)
High-growth infrastructure development (1956-1965)
Development of international competitiveness and social development loans (1966-1971)
Improvements to quality of life and stable supply of energy (1972-1984)
Development of lifestyle and social infrastructure and a smooth industrial transformation (1985-1995)
Creation of a vibrant and affluent society and stable economic society (1996-1999)
Establishment of the Development Bank of Japan and “community development, environmental conservation and sustainable societies, and creation of new technologies and industries” (1999-2008)

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