I understand that a bank deposit up to 10M JPY is guaranteed in case of a bank failure, etc.
I need to temporarily hold around 50M JPY for a period of around 2-3 months. I know in some countries such as the UK the government guarantee extends for temporarily high balances (e.g. to allow people to do things like pay for a house deposit).
Is there anything similar in the Japanese banking system? If not, how can I protect this 50M without splitting it across multiple financial institutions?
by MEO92
