Under the Act, DBJ can lend and invest, and can also conduct derivatives transactions as defined in the Financial Instruments and Exchange Act (excluding securities-related derivatives transactions)1. The Act provides that the government is to dispose of all the DBJ shares it holds as early as possible2.

The Cabinet Office Ordinance on the regulation of OTC derivatives transactions lists DBJ as a party in the same category as Type I financial instruments business operators. The category also covers banks that are registered financial institutions, Shoko Chukin Bank, nationwide federations of Shinkin banks, Norinchukin Bank, and insurance companies3. This category is defined as "operators subject to trade information preparation" within the clearing provisions (Article 2), and is used in the provisions that set the scope of the duties to retain and report trade information (Article 7 and others).

Notes

  1. Act on the Development Bank of Japan Inc. (checked on October 13, 2026), Article 1 (purpose of the company) and Article 3(1)(xi) (conducting derivatives transactions). ↩

  2. Act on the Development Bank of Japan Inc. (checked on October 13, 2026), Supplementary Provisions, Article 2(1) (disposal of government-held shares). ↩

  3. Cabinet Office Ordinance on the Regulation of Over-the-Counter Derivatives Transactions (checked on October 13, 2026), Article 2(4)(iv)(a) and Article 7. ↩