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Development Bank of Japan Inc. (DBJ) is a wholly government-owned bank created through the merger of the Japan Development Bank, established to support the economic and industrial development of Japan’s domestic economy, and the Hokkaido-Tohoku Development Finance Public Corporation, established to promote the economies of Hokkaido and the Tohoku region.
DBJ provides mid-to-long-term capital to suit to the needs of its diverse customers. In addition to senior finance through traditional corporate funding, DBJ offers a wide variety of funding options utilizing project finance, structured finance and other financial tools. DBJ also helps its customers address their individual issues through long-term risk money provided through such methods as funds, mezzanine finance and equity.
DBJ also uses diverse information channels and personal networks developed in the course of investment and lending – to private companies, governments and government agencies in Japan and overseas, international organizations, local governments, universities, and other entities – as well as a broad range of other activities, DBJ identifies economic and social issues and proposes solutions from a neutral standpoint.
1. Promoting and building partnerships between the public and private sectors:
?Propose and appeal to relevant parties that the establishment of a Tohoku recovery organization based on partnership between the public and private sectors, and a local presence be established by international organizations and others involved in disaster prevention, reduction and recovery.
?Support efforts to use PPP (public-private partnerships) and PFI (private finance initiatives) in creating disaster response centers at government facilities and elsewhere by sharing DBJ’s information and skills in relation to PPP, PFI, project finance and other financial techniques.
?Offer lectures on the PPP and PFI methods, provide information on initiatives employing these methods, and otherwise share information and skills promoting partnership between the private and public sectors.
2. Utilizing the expertise and advantages of different fields in the private sector:
?Supply needed information on pioneering projects and assist in seeing such projects through to realization by offering up the resources of a financial institution experienced in providing recovery support. Share information on recovery projects for industry and communities in areas affected by the March 2011 earthquake and tsunami. Identify projects for commercialization and assist in bringing them into effect.
?Use loans based on BCM ratings to encourage firms in their efforts to reduce risk and build resilience in the event of disaster. Publicize the fact that building resilience and preventing and reducing disaster are all strategies that create competitive advantage.
?Provide continuing support for the reconstruction of the Tohoku region through the collection of recovery status information as well as research and proposals on related themes.
After the 2011 Tohoku earthquake and tsunami, DBJ set up the Tohoku Revival Reinforcement Office to support the rehabilitation and reconstruction of the affected areas. Through this office, DBJ was able to mobilize its entire organization to collect and offer up ideas and financial knowhow to assist in the recovery. The office continues to provide useful information on rehabilitation and reconstruction and carry out research and other relevant work in partnership with entities including local governments, national government agencies, economic organizations and local financial institutions.
DBJ is committed to practicing corporate social responsibility through lending and other operations aimed at resolving social issues. In 2006 the bank introduced a new loan program based on disaster preparedness ratings, under which loan conditions were based on an assessment of the company’s disaster preparedness measures and business continuity plans. DBJ was the first bank in the world to adopt this innovative lending method. After the March 2011 earthquake and tsunami, the program was substantially amended to allow comprehensive evaluations of strategies, frameworks and other plans for business continuity in the aftermath of a crisis. Its name was changed to the “DBJ BCM Program” to reflect this change. Increasing use of the program is encouraging firms to take initiatives for disaster management and business continuity.
Development Bank of Japan (DBJ) is a member of the Disaster Risk Reduction - Private Sector Partnership (DRR-PSP) and has committed to the 5 Essentials for Business in Disaster Risk Reduction.
The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.
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