Japan rewrites ground rules for offshore infrastructure funding

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May 7, 2013

ATI Magazine - April/May 2013 issue

AS EUROPEAN banks withdraw, Japan is taking a leading role in encouraging Asian and Australian banks to take up the slack. The Japan Bank for International Co-operation (JBIC) is prepared to offer funding guarantees for these banks, says CEO Hiroshi Watanabe, and significantly, only 30 per cent of loans will now be tied to Japanese suppliers . . .AS EUROPEAN banks withdraw, Japan is taking a leading role in encouraging Asian and Australian banks to take up the slack. The Japan Bank for International Co-operation (JBIC) is prepared to offer funding guarantees for these banks, says CEO Hiroshi Watanabe, and significantly, only 30 per cent of loans will now be tied to Japanese suppliers . . .