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Crisis Response Operations

About Crisis Response Operations

DBJ's Crisis Response Operations function as a stabilizing force during periods of instability in the economy, society, and markets.

The Finance Corporation Act (Act No. 57 of 2007, including later revisions), mandates the provision of necessary funds during such crises as disruptions in domestic or overseas financial markets or large-scale disasters. In response to crisis-related damage, Japan Finance Corporation provides two-step loans as a complementary risk measure, among other measures, to government-designated financial institutions that supply necessary funds to address such damage.

In March 2020, the COVID-19 pandemic was designated a crisis. As a designated financial institution, DBJ collaborated and coordinated with private-sector financial institutions to rapidly and effectively implement Crisis Response Operations.

Scheme

The diagram outlines designation, capital contributions, and other support by the government, two-step loans and other funding from Japan Finance Corporation to designated financial institutions, and the provision of funds and related support to customers by private financial institutions and DBJ, each acting as a designated financial institution. It also explains DBJ's obligation to conduct crisis response operations and how DBJ conducts such operations in accordance with applicable rules governing them.

Accomplishments and Initiatives to Date

The chart provides an overview of DBJ's track record and initiatives to date. It presents major events designated as crises to date and the cumulative amount of government capital injections for crisis response operations. It also presents the cumulative amount and number of crisis response loans and commercial paper (CP) purchases, including, as a subset, the cumulative amount and number of crisis response loans DBJ provided in response to COVID-19.

Case examples for Crisis Response Operations

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News releases on Crisis Response Operations

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Research reports on Crisis Response Operations

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