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Fiscal Inverstment and Loan Program (FILP)

What is FILP? (Introduction)

FILP is long term low interest loan and investment by the government to achieve policy objectives of financial support for small and medium enterprises, construction and improvement of hospitals and welfare facilities, and to obtain natural resources.

Procuring the capital through issuing FILP bonds, a type of Japanese Government Bond, FILP provides long-term and low-interest funds that are difficult for the private sector to deal with and enables the execution of large-scale and long-term public projects.

This report has been prepared to answer many questions that we received concerning FILP. We have made every attempt to explain the mechanism and target fields of FILP. It also explains FILP by using the most updated information.

The Financial Bureau looks forward to your comments, and we will continue to enhance and improve this booklet.

Financial Bureau
Ministry of Finance
August 2010

Can be viewed in PDF.

Prat I: Outline of Fiscal Investment and Loan Program (FILP)

Prat II: FILP Initiatives in Recent Years

Prat III: FILP Movements in FY2009

Prat IV: FAQ

Prat V: APPENDIX

Prat VI: Glossary

Information Directory

Photographs courtesy of

  • Japan Finance Corporation
  • Special Account for Energy Policy
  • Forestry and Forest Products Research Institute
  • Japan Railway Construction, Transport and Technology Agency
  • Center for National University Finance and Management
  • Urban Renaissance Agency
  • Japan International Coorperation Agency
  • Special Account for Social Infrastructure (Airport Improvement Account)
  • Ichinomiya City, Aichi Pref.
  • Iwami town, Tottori Pref.
  • Hakodate City, Hokkaido
  • National Hospital Organization
  • Toba City, Mie Pref.
  • Fukushima City, Fukushima Pref.
  • The Promotion and Mutual Aid Corporation for Private Schools of Japan