The Japan Bank for International Cooperation (JBIC) has now left the international wing of the Japan Finance Corporation (JFC) and will act as a stand-alone entity.

JBIC’s decision to separate from the JFC was announced in May last year.

The new JBIC will strengthen and expand its financial services, including export finance for industrial countries and overseas investment loans to provide short-term bridge loans, and will provide two-step loans to support small and medium enterprises,

JBIC will continue as a financial institution wholly-owned by the government.