Illya Gerasymchuk
Entrepreneur / Engineer
💴 Coverage limits: • Regular deposits: Up to ¥10M (~$65k/€60k) • Payment & settlement accounts: 100% covered 💡Fun fact: During the 90s crisis, ALL deposits were fully protected. Japan gradually reduced this to ¥10M by 2005
🏦 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
