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DBJ's history

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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
1961 Kanazawa 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

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