💴 Coverage limits:
Illya Gerasymchuk
💴 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
