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 | NAITO Hisashi |
| Capital | USD 109.8 million |
| Number of Employees（include part-time） | 110 (as of October 2024) |
| Outstanding Loans as of 31 March 2024 | USD 152.6 billion |
| Outstanding Bonds and Bank Loans as of 31 March 2024 | USD 128.8 billion |
| Credit Ratings*1 as of 31 March 2024 | S&P: A+ Moody's: A1 R&I: AA+ |
| BIS Risk Weight*2 | 10% for JFM bonds (non-guaranteed) denominated in JPY |
Notes:
1. USD 1 = JPY 151.25 as of 31 March 2024.
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.
History
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 after succeeding to the assets and liabilities of the Predecessor on 1 October 2008.
