Location  : HOME > Fiscal Investment and Loan Program > FILP Report > FILP Report 2013

FILP Report 2013

Japanese Print(PDF)

FILP Report 2013

What is FILP? (Introduction)

FILP are long term low interest loans and investments by the government to achieve policies: financial support for small and medium enterprises, construction of hospitals and welfare facilities, scholarship loans, and securing of overseas resource rights.

Procuring the capital through issuing FILP bonds, (a kind of Japanese Government Bond), FILP enables the execution of providing long-term and low-interest funds and large-scale and long-term public projects, which have strong policy needs, profitability and expected returns but are difficult for the private sector to deal with. Considering the harsh fiscal conditions, FILP are becoming increasingly important as fiscal measures which do not rely on tax funding.

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 2013

Mechanism of FILP

Can be viewed in PDF.

Photographs scourtesy of

  • • Special Account for Energy Policy
  • • Tannan Regional Medical Center Association
  • • The Okinawa Development Finance Corporation
  • • Japan Bank for International Cooperation
  • • Center for National University Finance and Management
  • • Japan International Cooperation Agency
  • • Japan Oil, Gas and Metals National Corporation
  • • Japan Railway Construction, Transport and Technology Agency (JRTT)
  • • Japan Finance Corporation (Agriculture, forestry, fisheries and food businesses operations)
  • • Urban Renaissance Agency
  • • The Promotion and Mutual Aid Corporation for Private Schools of Japan
  • • National Hospital Organization
  • • Forestry and Forest Products Research Institute Center for Forestry and Agriculture Development
  • • Japan Water Agency
  • • INPEX Corporation