DBJ's History

Introducing the history of DBJ.

The Japan Development Bank, the Hokkaido-Tohoku Development Finance Public Corporation, and the Development Bank of Japan

1951 April The Japan Development Bank (JDB) established
1952 JDB branches opened in Osaka (now the Kansai Branch), Sapporo (now the Hokkaido Branch), Nagoya (now the Tokai Branch), and Fukuoka (now the Kyushu Branch)
1956 June The Hokkaido Development Finance Public Corporation established
1957 April The Hokkaido Development Finance Public Corporation, reorganized as the Hokkaido-Tohoku Development Finance Public Corporation (HTDFP) branches, opened in Sapporo (now the Hokkaido Branch) and Sendai (now the Tohoku Branch)
1960 JDB branch opened in Takamatsu (now the Shikoku Branch)
1961 JDB branches opened in Hiroshima (now the Chugoku Branch) and Kanazawa (now the Hokuriku Branch)
1962 April JDB representative office opened in New York
1963 JDB representative offices opened in Kagoshima (renamed Minami-Kyushu Branch in October 1999) and Matsue
1964 July JDB representative office opened in London
1972 January HTDFP representative office opened in Niigata (renamed Niigata Branch in July 1989)
1985 June The Japan Development Bank Law revised
1) Investment function (pertaining to business in such areas as research and development, urban development, and energy use stipulated by government ordinance) added
2) R&D fund investment function added
1987 September Low interest rate loan system funded partially by sale of NTT shares created by JDB and HTDFP
1989 JDB representative offices opened in Oita, Matsuyama, Okayama, and Toyama
HTDFP representative offices opened in Hakodate and Aomori
1995 February JDB loans to assist disaster recovery commenced
1997 September Bill entitled “Pertaining to Consolidation and Rationalization of Special-Purpose Companies, etc.” approved
by the Cabinet (decision dissolving JDB and HTDFP and consolidating them as a new bank approved)
1998 December JDB and HTDFP loans in response to changes in the financial environment commenced (March 31, 2001, sunset clause introduced)
1999 June The Development Bank of Japan Law (Law No. 73 of 1999) approved
October All rights and responsibilities of JDB and HTDFP and all financing operations of Japan Regional Development Corporation and Japan Environment Corporation transferred to the Development Bank of Japan
DBJ representative offices opened in Kushiro and Singapore
2002 May The Development Bank of Japan Law revised (additional spot inspections by the Financial Services Agency introduced)
2005 December Important Policy of Administrative Reform approved by the Cabinet
2006 May The Act on Promotion of Administrative Reform for Realization of Small and Efficient Government (Act No. 47 of 2006) approved
June Policy-Based Financing Reform Plan decided upon by DBJ head office for the Implementation of Policy Finance Reform
2007 June The Development Bank of Japan Inc. Act (Act No. 85 of 2007) approved

Development Bank of Japan Inc.

2008 October Development Bank of Japan Inc. (DBJ) established (Capital: ¥1 trillion)
Crisis Response Operations begun by DBJ as a designated financial institution
December DBJ Singapore Limited launched
2009 June Act for Partial Amendment of the Development Bank of Japan Inc. Act (Act No. 67 of 2009) approved
September Capital increased to ¥1,103,232 million
November DBJ Europe Limited launched
2010 March Capital increased to ¥1,181,194 million
2011 May The Development Bank of Japan Inc. Act partially amended based on establishment of the Act for Extraordinary Expenditure and Assistance to Cope with the Great East Japan Earthquake (Act No. 40 of 2011)
December Capital increased to ¥1,187,364 million
2012 March Capital increased to ¥1,187,788 million
June Capital increased to ¥1,198,316 million
December Capital increased to ¥1,206,953 million
2014 June DBJ Investment Consulting (Beijing) Co., Ltd. (formerly Japan Asia Investment Consulting (Beijing) Co., Ltd.) converted to wholly owned subsidiary
2015 May Act for Partial Amendment of the Development Bank of Japan Inc. Act (Act No. 23 of 2015) approved
Special Investment Operations started
Advisory Board positioned as an advisory body to the Board of Directors
Special Investment Operations Monitoring Board established
August Capital reduced by ¥206,529 million, and crisis response reserve increased by the same amount
2018 October DBJ Americas Inc. launched
2020 May Act for Partial Amendment of the Development Bank of Japan Inc. Act (Act No. 29 of 2020) approved