FILP Report 2012
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,etc.
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 2012
- 1. Response to Economic and Financial Crises and the Great East Japan Earthquake
- 2. Development of Disclosure
- (1) Policy Cost Analysis
- (2) Preparation of Financial Statements Based on Private Sector Accounting by FILP Agencies
- (3) Efforts to Ensure FILP Transparency
- 3. Improved Checking Function Against FILP Agencies
- (1) On-site Monitoring
- (2) Analysis of Financial Condition of Local Governments
- 4. Risk Management in Fiscal Loan Fund
- Q.What are FILP agencies?
- Q.How is the funding rate or the loan interest rate of the Fiscal Loan Fund decided?
- Q.How do FILP agencies procure funds?
- Q.How do FILP bonds differ from the other government bonds?
- Q.Is the money from the postal savings and the pension reserves still being used in FILP?
- Q.Can borrowers of Fiscal Loan Fund make a pre-maturity redemption?
- Q.Can there be non-performing loans in FILP?
Photographs courtesy of
- • New Kansai International Airport Co., Ltd.
- • Special Account for Energy Policy
- • Japan Bank for International Cooperation
- • Forestry and Forest Products Research Institute Center for Forestry and Agriculture Development(Incorporated Administractive Agency)
- • Bizen City, Okayama Prefecture
- • Japan Expressway Holding and Debt Repayment Agency(Incorporated Administractive Agency)
- • Japan Water Agency(Incorporated Administractive Agency)
- • Japan International Cooperation Agency(Incorporated Administractive Agency)
- • Welfare And Medical Service Agency(Incorporated Administractive Agency)
- • Urban Renaissance Agency(Incorporated Administractive Agency)
- • Iriomote City Kagoshima Prefecture
- • Sendai City, Miyagi Prefecture
- • Center for National University Finance and Management(Incorporated Administractive Agency)
- • Japan Finance Corporation
- • The Okinawa Development Finance Corporation
- • The Promotion and Mutual Aid Coporation for Private Schools of Japan
- • Japan Oil, Gas and Metals National Corporation(Incorporated Administractive Agency)
- • Innovation Network Corporation of Japan
