Overview of JFM
Profile of JFM
|Name||Japan Finance Organization for Municipalities (JFM)|
|Establishment||1 August 2008 (Reorganized on 1 June 2009)|
|Governing Law|| Japan Finance Organization for Municipalities Law
(Act No.64 of 2007, as amended)
|Address||Shisei Kaikan, 1-3 Hibiya Koen, Chiyoda-ku, Tokyo|
|President and CEO||SATO Fumitoshi|
|Capital||USD 135.6 million|
|Number of Employees||90 (as of April 2023)|
|Outstanding Loans as of 31 March 2022||USD 192.4 billion|
|Outstanding Bonds and Bank Loans as of 31 March 2022||USD 167.5 billion|
|Credit Ratings*1 as of 31 March 2022|| S&P: A+
|BIS Risk Weight*2|| 10% for JFM bonds (non-guaranteed)
denominated in JPY
1. USD 1 = JPY 122.40 as of 31 March 2022.
2. The risk weight shown above is a value for investors in Japan. For overseas bonds, the value is determined by relevant regulatory authority in each country.
The Japan Finance Organization for Municipal Enterprises was established on 1 August 2008, with capital contributed by all prefectures, cities, special wards of Tokyo, government-designated cities, towns and villages, as well as some local government associations, to provide funds to local governments. JFM commenced its operations on 1 October 2008, succeeding to the assets and liabilities of Japan Finance Corporation for Municipal Enterprises (the “Predecessor”).