Japan Bank for International Cooperation (JBIC) is a policy based financial institution wholly owned by the Japanese government, established originally as “The Export Bank of Japan” in 1950 and renamed “The Export-Import Bank of Japan” in 1952.
The mission of JBIC is to contribute to the sound development of Japan and the international economy and society by conducting its operation in the following fields :
- Promoting the overseas development and securement of resources which are strategically important for Japan
- Maintaining and improving the international competitiveness of Japanese industries
- Promoting the overseas business having the purpose of preserving the global environment, such as preventing global warming
- Preventing disruptions to international financial order or taking appropriate measures with respect to damages caused by such disruption
JBIC’s principal operations include Export loans, Import Loans, Overseas Investment Loans, Untied Loans, Equity participations, Guarantees, and these operations are conducted in accordance with the following principles :
- Supplementing the financial transactions implemented by private sector financial institutions
- Ensuring financial soundness and certainty of repayment
- Maintaining and improving international credit worthiness and confidence
- Conducting business operations by drawing on its expertise and initiatives
JBIC finances its activities by drawing on various funding sources, including borrowings from the Fiscal Investment and Loan Program (FILP), Fiscal Loan, Government-Guaranteed Foreign Bonds Issuance, FILP Agency Bonds issuance and capital contributions from the government.
JBIC’s budget of revenues and expenditures is submitted to the Diet for its approval as part of the national budget.
At a glance :
- Governor : Hiroshi Watanabe
- Sherpa : Kaoru Nagata
- Location : Tokyo
- Website : www.jbic.go.jp