50th ADB Annual Meeting Commemorative Seminar in Yokohama

A scene from the seminar
ADB President, Mr. Nakao
JBIC COO, Senior Managing Director, Hayashi

The Japan Bank for International Cooperation (JBIC) held the "50th ADB Annual Meeting Commemorative Seminar in Yokohama: Featuring a Special Presentation by ADB President Takehiko Nakao," together with The Bank of Yokohama, Ltd., Hamagin Research Institute, Ltd., The Yokohama Chamber of Commerce and Industry, and Japan International Cooperation Agency (JICA) on Wednesday, March 22, 2017, in Seminar Room VIA MARE at The Bank of Yokohama Head Office.

In the first half of the seminar, ADB Governor Mr. Takehiko Nakao gave his lecture titled, "Asian Economic Outlook and the Role of ADB," starting with a retrospective view of the global environment at the time of the establishment of ADB, which celebrates its 50th anniversary this year. He then outlined ADB's organizational structure and recent efforts, as well as its relationship with Japan, and indicated that "Asia will continue to further increase its presence in the world economy."

In the second half, Nobumitsu Hayashi, COO and Senior Managing Director of JBIC, gave a lecture titled, "Present Overseas Expansion by Japanese Companies and Importance of Developing Overseas Businesses." After introducing the business outline of JBIC, he explained that the balance of international payments and other data indicate a shift in Japanese companies' focus from trade to investment, and that India, China, and ASEAN countries are regarded as promising destinations for overseas business, according to the results of the Survey Report on Overseas Business Operations by Japanese Manufacturing Companies. Following a presentation of JBIC's financing system and past loans for mid-tier enterprises and small and medium-sized enterprises (SME), he stated that he hopes to "provide infrastructure support to Asian countries, and support Japanese companies' overseas expansion at the same time."

The seminar was a great success, attracting nearly 300 attendees. JBIC will continue to provide a wide array of information concerning overseas business expansion of Japanese companies.

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