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Recent Disaster in Japan and DBJ’s Role for Reconstruction

Recent Disaster in Japan and DBJ’s Role for Reconstruction






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    Recent Disaster in Japan and DBJ’s Role for Reconstruction Recent Disaster in Japan and DBJ’s Role for Reconstruction Presentation Transcript

    • Recent Disaster In Japan AndDBJs Role For Reconstruction April, 2011
    • Disclaimer Copyright © Development Bank of Japan Inc. 2011 This material is created by Development Bank of Japan Inc. (DBJ) This material has been prepared solely for the purposes of consideration and discussion between you and DBJ. This material is not intended as a solicitation or an offer to buy or sell any financial instrument, product, service or investment or for any other transaction. DBJ does not guarantee any feasibility of transactions described herein. This material is prepared based on current generally held views on the economy, society and so forth, as well as certain assumptions reasonably made by DBJ. However, the information and content are not warranted as to completeness or accuracy and are subject to change without notice, due to change in the business environment or other reasons. Please note that DBJ is not responsible for any action taken based on this material and no transactions described herein should be entered into without the independent advice of lawyers, accountants and/or other professional advisors where appropriate. Also please note that it is strictly prohibited to copy, extract or disclose all or any part of this material (including any attachments hereof) without prior written consent from DBJ. 1
    • 1. OVERVIEW OF DBJ 2
    • 1-1. DBJ’s Profile (non-consolidated, as of January 31, 2011)Established: October 1, 2008 (Former Japan Development Bank: 1951, Former Hokkaido-Tohoku Development Finance Public Corporation: 1956)Total assets: ¥15,567.2 billion (as of March 31, 2010) ($183 bn)Loans: ¥13,538.0 billion (Year ended March 31, 2010) ($159 bn)Capital adequacy ratio: 18.79% (as of March 31, 2010)Credit Ratings: Aa2 (Moodys Investors Service, Inc), A+ (Standard & Poors Corp.)Number of employees: 1,079 (as of March 31, 2010)Offices: Head office, 10 Branch offices, 8 representative offices, 1 overseas representative office, 2 overseas subsidiariesGoverning Law: Development Bank of Japan Inc LawOwnership: Japanese Ministry of Finance (100%) 3
    • 1-2. LocationsLocations and Directory (as of November 10, 2009) 4
    • 1-3. Our History Cashmilon acrylic staple fiber plant Asahi Chemical Mizushima Refinery Independent power Industry Co., Ltd. Nippon Mining Co., Ltd. producer (IPP) (Asahi Kasei (Japan Energy power generation Business Corporation) Corporation) Tamahara & Imaichi Yamagata bullet- operations regeneration forChiba Steelworks Nakayama Joint Pumped Storage train Yamagata local enterprisesKawasaki Steel Power Generation The Former Niigata Power Stations JR ChokkoCorporation (JFE Co., Ltd. Tokyo Electric Power Tokkyu Holdings Tekkosho Co., Ltd.Steel Corporation) Co., Inc. Development of Financial Development of Improvements lifestyle, social Creating a solutions that Reconstruction High-growth international to quality of life infrastructure vibrant, support the and infrastructure October1, 2008: competitiveness and and a smooth affluent society community, the independence development Privatization and social stable supply industrial and environment of the (1956-1965) (conversion to a development of energy transformation stable economy and technology joint-stock company) economy loans (1966-1971) (1972-1984) (1985-1995) (1996-2000) (From 2001) (1951-1955) Development Bank of Japan Inc. The Tonegawa Maru Trinitron color Shinjuku new Pacific Convention Earthquake Kawasaki Kisen television factory Toyo Tires Turnpike urban center: Plaza Yokohama: reconstruction Kaisha, Ltd. Sony Corporation (formerly the Hakone Shinjuku Mitsui Yokohama Minato (1995 Great Turnpike) Facility Building and Mirai 21 (MM21) Hanshin-Awaji Japan’s first modernization others (Tokyo) Earthquake infrastructure fund in Toyota Motor reconstruction) collaboration with Corporation Hankyu Corporation Australia’s Macquarie Bank. 5
    • 1-4. DBJ’s International Operation Mid-term plan : Strategic Focus & Full DevelopmentFocuses are on INTERNATIONAL EXPOSURE Strategic collaboration with 7 reliable partners such as North America  Development Finance Institutions 6 Europe  Multilaterals (World Bank, IFC, 5 Asia ADB, etc) USD billion 4  Investment/commercial banks  Private equity fund managers 3 2 Geographically, ASIA 1 Strategically & robustly increase 0 our international assets March 2009 March 2011 6
    • 2-1. Tohoku-Pacific Ocean Earthquake • From 14:46 Friday, March 11, 2011, an initial magnitude 9.0 earthquake and a series of subsequent earthquakes in a focal area 200km wide and 500km long struck the coast of the entire northeastern region of Japan, the Tohoku Region. • The earthquake was immediately followed by lines of giant tsunami, whose effect was magnified by the deeply-indented coastline unique to the Tohoku Region. • The earthquake and tsunami triggered fire throughout the struck region adding to the dreadful impact. Second Major impact Time :15:08 Magnitude :7.3 Most heavily-damaged prefecturesTohoku Region Iwate Prefecture Miyagi Prefecture Epicenter Sendai First Major impact Fukushima Prefecture Focal Time :14:46 Area Magnitude :9.0 Ibaraki Prefecture 500km Tokyo 200km Third Major impact Time :15:15 Magnitude :7.3 8
    • 2-2. Casualties & Damages• The disaster killed over 13,000 people and left 15,000 people missing. Over 140,000 people have been forced to leave their homes as evacuees (as of April 12, 2011).• The tsunami swept out many cities, and the cost of reconstruction of the economy is estimated to be $180 billion (¥14.6 trillion) in the near term and could be as close to $1 trillion in the long term (Reuters March14, 2011) Human casualties (person) Prefecture Dead Missing Injured Evacuees Miyagi 8,161 8,027 3,037 48,303 Iwate 3,838 4,116 154 45,319 Fukushima 1,271 3,003 239 24,809 Ibaraki 23 1 691 732 Structural damages (buildings) Chiba 18 2 223 1,117 Completely- Partially- Tokyo 7 0 77 915 Prefecture Half-destroyed destroyed destroyed Others Total: 15 1 455 19,273 Miyagi 36,772 3,468 6,740 Total 28,483 13,333 15,150 4,876 140,468 Iwate 18,742 1,024 550 Data: As of April 13, 2011; Prime Minister of Japan and his Cabinet. Fukushima 2,417 959 6,945 Ibaraki 711 3,453 77,070 Chiba 706 1,636 15,612 Tokyo 3 6 239 Others 455 2,186 48,295 Total 59,806 12,732 155,451 Data: As of April 13, 2011; Prime Minister of Japan and his Cabinet. 9
    • 2-3. Fukushima Daiichi Nuclear Power Plant• Tokyo Electric’s Fukushima-Daiichi Nuclear Power Plant was significantly damaged by the disaster.• Cooling systems for the nuclear fuel were disabled, causing hydrogen explosions which destroyed the building covering the reactors leading to an elevated risk of radioactive contamination of food and water, and exposure of people within the region.• Evacuation calls were issued to residents around the plant from an early stage of the incident and are still in effect. Fukushima Daiichi No.2 No.1 Reactor Reactor Nuclear Power Plant Sendai No.4 No.3 Reactor Reactor Tokyo 10
    • 2-4. Warm Hands from All Around the World• Warm hands of support were extended from all around the globe immediately after the disaster including offers of assistance from at least 134 countries & regions and 39 international organizations• Of which Japan gratefully accepted • international disaster relief teams from 24 countries & regions and international organizations • relief supplies from 30 countries & regions and international organizations 11
    • 3-1. Crisis Response Operations• In response to the crisis, Japanese Government has decided to build in the first 2011FY supplementary budget the crisis response loan program for corporate entities. The amount of the budget is still under discussion, but according to press reports up to around JPY 3 trillion (USD 35 billion) is anticipated.• The loan will be addressed through government-designated financial institutions funded by Japan Finance Corporation to directly-damaged companies as well as companies affected by the disruption of the supply-chain, and those affected by reputation damage and power shortage caused by the nuclear power plant accident.• DBJ will function as one of the government-designated financial institutions to provide funds through this program. Japanese Government Government Fiscal investment & guarantee loans Market Japan Finance Corporation Designation Market funding Designated Low-interest rate loans & financial institutions financial indemnity Shoko Private financial Chukin Bank institutions Low-interest rate loans, equity participations, Financial support CP purchases Companies 13
    • For further informationPlease contact:Takayuki YamamotoGeneral Manager, Head of International Strategy & Coordination DepartmentDevelopment Bank of Japan Inc.9-1, Otemachi 1-chome, Chiyoda-ku, Tokyo, 100-0004, JapanTel : +81-3-3244-1770Fax : +81-3-3270-4099Email: tkyamam@dbj.jp 15