State-owned Japan Bank for International Cooperation (JBIC) is expanding beyond traditional development lending into financing for economic security projects as geopolitical risks reshape investment priorities, its chief said in an interview.
The move follows JBIC's launch of a new investment facility in October, partly aimed at supporting Japan's commitment to invest $550 billion in the U.S. under a tariff deal with Washington.
Unlike conventional JBIC programs focused on emerging markets, the new facility places greater emphasis on building supply chains in advanced economies, notably the U.S., in line with Japan's investment pledge, JBIC Governor Nobumitsu Hayashi said.
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