Date: June 24, 2014
At the 244th meeting of the Policy Board today, it was decided that the Deposit Insurance Corporation of Japan (DICJ) would purchase specified difficult recovery claims (fourth purchase) based on Article 101-2, Paragraph (3) of the Deposit Insurance Act as follows:
Of the 27 claims included in the current purchase, the measures to improve the system announced by the DICJ on December 26 last year are applicable to a total of 16 claims, including 2 claims for which repayment is ongoing in accordance with the contracts and 1 claim regarding which debt guarantee is provided by a guarantee corporation. And, there are 13 claims regarding which a financial institution has bought back the right to reimbursement from a guarantee corporation.
The decision on the next purchase (fifth purchase) is scheduled to be made at the end of October this year (2014).