DBJ, 2 Mega Bks & Mitsubishi Co To Set Up Turnaround Fund

The Development Bank of Japan (DBJ), Sumitomo Mitsui Banking Corp (SMBC), Bank of Tokyo-Mitsubishi UFJ (BTMU) and Mitsubishi Co. announced that they will set up a corporate rehabilitation fund with 30 billion yen to invest. They will also establish "Japan Industrial Solutions Co." to manage the fund as a GP.