Japan Finance Organization for Municipal Enterprises

Japan Finance Organization for Municipal Enterprises (JFM) started its business October 1, 2008, as a joint corporation “of local governments, by local governments and for local governments” in accordance with the idea of decentralization. All local governments have contributed capital for JFM, which is run independently by local government representatives

In order to perform this mission steadily, JFM carries out its business operations with the following three policies as fundamental management principles:

1. Securing of governance befitting a joint corporation of local governments

2. Proactive response to the financial needs of local governments

3. Gaining the solid confidence of the capital markets

 

JFM took over the financial rights and obligations of Japan Finance Corporation for Municipal Enterprises, its predecessor, almost entirely, and has put into place an appropriate mechanism to ensure governance, including the establishment of the supervisory Committee comprising outside experts and the introduction of external auditing.

 

We believe JFM will be able to win the solid confidence of the markets in its fund-raising activities, just as Japan Finance Corporation for Municipal Enterprises did, by steadily putting the above-mentioned management principles into practice going forward.

 

Japan Finance Organization for Municipal Enterprises (http://www.jfm.go.jp/en/index.html)

Financial Information

Japan Finance Organization for Municipal Enterprises started its business on October 1, 2008