🏦 The Deposit Insurance Corporation of Japan (DICJ), provisioned in the Deposit Insurance Act (DIA) defines as its goals: • Deposit insurance • Financial system stability • Troubled financial institution resolution Deposits guarantee is just one of responsibilities

Illya Gerasymchuk 2024-10-27 15:50

🇯🇵 How does Japan protect bank deposits when banks fail? 🤯 Their deposit insurance system handled 180+ financial institution failures, including the massive 90's banking crisis 👉 Here's how Japan's ¥10M deposit guarantee scheme works: https://illya.sh/blog/posts/deposit-guarantee-scheme-japan-dia-dicj/ 🧵