Deposit Insurance Corporation of Japan

Deposit Insurance Corporation of Japan (Japanese: 預金保険機構 Yokin Hoken Kikou) is the federal deposit insurance of Japan. It was established in 1971 and is headquartered in Tokyo. Masanori Tanabe has been Chair of the organization since 2010. Due to 1990s' Japanese banking rescue, the company has preferred shares of 29 banks remain uncalled through The Restoration and Collection Company, its subsidiary . New Scientist named it as one of the 147 "superconnected" organizations "with disproportionate power over the global economy."