The revised law for the Act on Japan Bank for International Cooperation was executed from October 1, 2023.
In light of changes, etc., to the international situation, through strengthening of the ability of the Japan Bank for International Cooperation (JBIC), the goal is to ensure resilience for the ability to address supply chain issues to maintain and improve international competitiveness of industries of Japan and to proceed with risk taking promotion, etc., for Japan enterprises just starting up, etc.
Among the main revisions, we highlight a portion below:

(1)  In order to provide resilience to supply chains and contribute to the maintenance and improvement of international competitiveness for the industries of Japan, foreign enterprises that support the supply chains of Japanese enterprises and industrial infrastructure have been added to the subjects for loans.
Also added was the supply chain resilience of Japanese enterprises for foreign business funds which are made subject to loans through Japanese large enterprises.

(2) Looking ahead to growth areas like digital green, etc., in order to support increased risk taking of Japanese enterprises, including start up enterprises, the special services account has been expanded to add funding, etc., to start up enterprises for resource development, and new technology/business model businesses.

(3) Participation in reconstruction support for Ukraine by international cooperation.