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| Development
Bank of Japan |
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Regional development finance has
played an important role in furthering the development of Hokkaido.
Aiming at promoting the development of industry, in June 1956,
the Hokkaido Development Finance Public Corporation was founded as an organization
to furnish funds for effective promotion of community development projects.
In 1957, the Tohoku district was added (including Niigata Prefecture)
and the corporation was reorganized as the Hokkaido-Tohoku Development Finance
Public Corporation. Since then the corporation, as a financial institution,
has contributed to the promotion of industries specializing in community
development in the northeast area of Hokkaido.
In October 1999, the Development Bank of Japan was established
as a part of the arrangement rationalization of a special cooperation. At
that time, Hokkaido-Tohoku Development Finance Public Corporation and Japan
Development Banks combined to form the Development Bank of Japan.
The Development Bank of Japan took over the regional development
financial function which the Hokkaido-Tohoku Development Finance Corporation
had in Hokkaido and is looked to for appropriate support of the industrial
activity of Hokkaido
In addition, the ministers in charge of the Development Bank
of Japan are the Minister of Finance and the Minister of Land, Infrastructure
and Transport (restricted to Hokkaido and the Tohoku district affairs),
and the Hokkaido Bureau supervises this bank from the point of view of Hokkaido
development. |
| Overview of the Development
Bank of Japan |
| (1) |
To contribute to the realization of improved
vitality and continued development of economic society, enrichment
of people's lives and development of a self-supporting regional economy,
in principle the Development Bank of Japan supplements or promotes
financing just as ordinary finance institutions do, supplies long-term
funds, etc., and engages in the following activities to contribute
financially to the economic social policy of Japan. |
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Loans funds for equipment, research-and-development,
etc., guaranties liability for these funds and also finances
the acquisition of corporate bonds. |
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Contributes funds necessary for
projects. |
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| (2) |
A branch is installed in Sapporo with
offices in Kushiro and Hakodate for financing the promotion of regional
development of Hokkaido. |
| (3) |
The Development Bank of Japan makes loans
for projects in accordance with a 3-year mid-policy plan formulated
by the ministers in charge. Investment and loan guidelines are made
every year, specifying the purpose of the loan and targeted project. |
| (4) |
Also, not only through investment but
also by forming alliances between central ministries, municipal authorities,
local economic groups, people of learning and experience, the Development
Bank of Japan makes suggestions regarding area development projects
and supports commercial production projects in detail from the planning
stage to completion, to promote area development that employs the
originality and devices of the area. Economic trends, regional development
related research and study and information providing activities is
conducted and the results are released in periodicals and reports. |
| (5) |
The ministers in charge of the Development
Bank of Japan are the Minister of Finance and the Minister of Land,
Infrastructure and Transport. The Ministry of Land, Infrastructure
and Transport provide guidance and supervision of this bank from the
point of view of the development of Hokkaido and the Tohoku district. |
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