lifting of the blanket guarantee on bank deposits; introduction of limited deposit insurance
Refers to the policy change, particularly in Japan around 2002–2005, where the government ended full protection of all bank deposits and moved to a system with a cap on insured amounts. Often used in economic and financial news contexts.
After the lifting of the blanket guarantee, deposits are no longer necessarily fully protected.
In preparation for the introduction of limited deposit insurance, more people spread their deposits across multiple banks.
Compound of ペイオフ (from English 'payoff', referring to deposit insurance payouts) and 解禁 (lifting of a ban). The term became common in Japanese financial discourse in the early 2000s.