Remarks by President & CEO,JBIC
The Japan Bank for International Cooperation (JBIC) set off to a new start on October 1, 2008, as the international wing of the Japan Finance Corporation, a new policy-based financing institution established by the merger of JBIC and three domestic public finance corporations: the National Life Finance Corporation; Agriculture, Forestry and Fisheries Finance Corporation; and Japan Finance Corporation for Small and Medium Enterprises.
Since the days of its predecessor, the Export-Import Bank of Japan, we have provided active support for the promotion of Japanese exports, imports and economic activities overseas and for the stability of international financial order, thereby contributing to the sound development of the international as well as Japanese economy. After the transition to the new organization, JBIC will continue to support overseas development and acquisition of interests of strategically important resources and the maintenance and improvement of international competitiveness of Japanese businesses, and respond to disruptions to financial order in the international economy. In conducting these operations, we will draw on what we have cultivated over the years: our expertise on international finance and our experience, knowledge and networking on economic and social development in developing countries, at the same time utilizing 19 representative offices across the world. Furthermore, JBIC will flexibly address environmental issues such as climate change, which is currently the focus of growing global interest.
JBIC will also offer a broad range of support by exploiting a synergy arising from collaboration with JFC’s other domestic operations through sharing mutual knowledge and knowhow.
In today’s turbulent world economy, JBIC’s mission of promoting the sound development of the international as well as Japanese economy is of crucial importance to our nation, for Japan is predicated on the premise of coexistence with the international community. JBIC is committed to making utmost efforts to fulfill its mission in conducting operations.
We look forward to your continued understanding and support for our efforts.
Hiroshi Watanabe
President & CEO, JBIC