Hakaru Hirose

Deposit Insurance Corp. of Japan operates as deposit insurance system. It protects among others, by reimbursing insured depositors and purchasing deposits and other claims as necessary when a financial institution has suspended repayments of deposits. The company helps to arrange financial assistance in mergers and other transactions involving failed financial institutions, public management by financial administrators, transfer of the business of failed financial institutions and measures for management of financial crises. Deposit Insurance was founded in 1971 and is headquartered in Tokyo, Japan.