MEMBER FACT SHEET

JAPAN: SHAREHOLDING AND VOTING POWER Number of shares held: 1,656,630 (15.607% of total shares)

Established in 1966, ADB has committed Votes: 1,696,237 (12.784% of total membership, $255.14 billion in loans to the vision of an 19.621% of total regional membership) Overall capital subscription: Asia and Pacifi c region free of poverty. $23.59 billion is a founding member of ADB. Paid-in capital subscription: $1.18 billion

CONTRIBUTIONS TO SPECIAL JAPAN FUNDS RESOURCES Japan has been the top contributor to The Asian Development Bank (ADB) at $597.49 million (24 projects). In ADB’s Special Funds such as the Asian is dedicated to reducing poverty in addition, $11.92 billion was generated in Development Fund (ADF), the Asian Asia and the Pacifi c through inclusive direct value-added cofi nancing. Development Bank Institute (ADBI), the economic growth, environmentally Technical Assistance Special Fund (TASF), From 1 January 2013 to 31 December sustainable growth, and regional Japan Special Fund (JSF), and the Regional 2017, ADB’s annual lending volume integration. Cooperation and Integration Fund (RCIF). averaged $14.55 billion. In addition, Established in 1966, it is owned by 67 investment grants and technical Contributions: members—48 from the region—who assistance funded by ADB and Special ADF (incl. committed have committed $255.14 billion in loans Funds resources averaged $617.74 funds at exchange to the vision of a region free of poverty. rates per resolution): $12.89 billion million and $166.28 million in technical ADBI (incl. committed funds): $260.06 million Despite the region’s many successes, assistance over the same period. TASF (committed): $692.65 million it remains home to the majority of the As of 31 December 2017, the cumulative JSF (committed): $973.77 million RCIF (committed): $3.63 million world’s poor. totals excluding cofi nancing were Japan has contributed $23.59 billion in $255.14 billion in loans for 2,955 projects capital subscription as of 31 December in 44 countries, $8.36 billion in 328 2017. It has contributed and committed grants, and $4.27 billion in technical $14.82 billion to Special Funds since assistance grants, including regional joining in 1966. technical assistance grants. Companies and consultants from Japan In addition to loans, grants, and technical have since been awarded $4.07 billion assistance, ADB uses guarantees and in procurement contracts on ADB- equity investments to help its developing fi nanced projects. member countries (DMCs). In 2017, the lending volume was $18.72 With headquarters in Manila, ADB billion (111 projects), with technical has 32 offi ces around the world with assistance at $200.53 million (246 3,134 staff from 60 of its 67 members projects) and grant-fi nanced projects as of 31 December 2017. COFINANCING targeting a number of specifi c sectors. facilitation of investment climate, ADB has been increasingly switching capacity building, and promotion of ADB arranges cofi nancing from bilateral to multi-donor trust funds covering good governance. and multilateral sources, export credit thematic issues. A more recent agencies, and commercial sources in the development is the establishment Japan Fund for the Joint Crediting form of offi cial loans and grants, other of trust funds under theme-focused Mechanism concessional cofi nancing, B loans, risk umbrella initiatives, called fi nancing The Japan Fund for the Joint Crediting transfer arrangements, parallel loans partnership facilities, which support Mechanism (JFJCM) was established in and equity, guarantees, and cofi nancing priority areas in ADB’s long-term 2015 to promote advanced low-carbon for transactions under ADB’s Trade strategic framework, Strategy 2020, technologies in ADB’s eligible DMCs. Finance Program and Supply Chain such as water, clean energy, regional Finance Program. Cofi nancing brings The JFJCM is a single-donor fund cooperation and integration, urban supported by Japan. Total JFJCM funds additional resources to ADB’s project sector fi nancing, and health. fi nancing. In 2017, total direct value- made available up to 31 December 2017 added cofi nancing commitments Japan has contributed to the following: amounted to approximately $51.85 amounted to $11.92 billion for 154 million. projects, of which $11.81 billion was for Japan Fund for Poverty Reduction Japan Scholarship Program 76 investment projects and $108.79 In 2009, the Japan Fund for Poverty million was for 78 technical assistance Reduction (JFPR), originally established The Japan Scholarship Program (JSP) projects. Cumulative direct value-added in 2000, expanded its scope of was established in 1988 to provide an cofi nancing commitments for the period grant assistance to provide technical opportunity for well-qualifi ed citizens of 1970–2017 amounted to $84.23 billion assistance grants in addition to project DMCs to undertake postgraduate studies for 2,554 projects, of which $82.12 grants. The JFPR is the primary in economics, management, science and billion was for 852 investment projects vehicle for regular Japanese technical technology, and other development- and $2.11 billion was for 1,702 technical assistance and grant assistance and the related fi elds at selected educational assistance projects. single largest trust fund within ADB. institutions in Asia and the Pacifi c. Cofi nancing commitments with Japan By 31 December 2017, total JFPR The JSP is funded by Japan and from 1 January 2013 to 31 December funds made available amounted administered by ADB. Currently, 29 2017 comprised the following: to approximately $788.49 million. institutions in 10 countries participate in A total of 175 JFPR grant projects the JSP. Between 1988 and 2017, Japan Projects* (equivalent to $525.25 million), and contributed $178.03 million. A total of 57 projects, cofi nancing of $7.15 billion 237 JFPR technical assistance projects 3,660 scholarships have been awarded • Offi cial Loans: 19 projects, (equivalent to $285.45 million) have to recipients from 37 members. Of the cofi nancing of $3.30 billion been signed. total, 3,303 have already completed their courses. Women have received 1,382 • Offi cial Grants: 27 projects, See www.adb.org/site/funds/funds/ scholarships. An average of 143 new cofi nancing of $129.30 million japan-fund-for-poverty-reduction for scholarships a year has been awarded • Offi cial Equity: 1 project, cofi nancing details of the JFPR, including the list of during the last 10 years (www.adb.org/ of $21.96 million approved grants. • Commercial Cofi nancing: 10 projects, jsp). cofi nancing of $3.70 billion Asian Clean Energy Fund Leading Asia’s Private Sector Technical Assistance The Asian Clean Energy Fund (ACEF) Infrastructure Fund • Offi cial Grants: 156 projects, was established under the Clean Energy Financing Partnership Facility in 2008. The Leading Asia’s Private Sector cofi nancing of $209.85 million Infrastructure Fund (LEAP) was * A project with more than one source of ACEF is a single-donor fund supported established in March 2016. LEAP is cofi nancing is counted once. by Japan for clean energy projects in an infrastructure cofi nancing fund, ADB’s DMCs. Total ACEF funds made expected to leverage and complement A list of projects cofi nanced by Japan available up to 31 December 2017 ADB’s existing nonsovereign platform is available at www.adb.org/site/ amounted to approximately $57.1 to fi ll fi nancing gaps and increase access cofi nancing/japan. million. to fi nance for infrastructure projects in the region. LEAP is a single-donor Trust Funds Investment Climate Facilitation Fund fund support by the Japan International The Investment Climate Facilitation Trust funds are key instruments to Cooperation Agency (JICA). As of 31 Fund (ICFF) was established under the mobilize and channel external sources December 2017, JICA’s commitment to Regional Cooperation and Integration to fi nance technical assistance the LEAP amounted to $362.13 million. Financing Partnership Facility in 2008. and components of investment Multi-Donor Trust Fund projects. They play an important ICFF is a single-donor fund supported role in complementing ADB’s own by Japan, and funds made available • Afghanistan Infrastructure Trust Fund— funding resources. So far, bilateral and up to 31 December 2017 amounted established in 2010 to deliver fi nancing multilateral sources, foundations, and to approximately $32.24 million. for infrastructure development in private sector partners have contributed Its objective is to fi nance activities Afghanistan and to leverage resources about $8.32 billion, including for trust supported by ADB, including technical through cofi nancing with private sector funds, to ADB operations. Initially, trust assistance that promotes investments and other development partners funds were established through single- in DMCs and facilitates regional » Cumulative commitment: donor channel fi nancing agreements cooperation and integration through $127.5 million Japan’s Share of Procurement Contracts for Loan, Grant, and Technical Assistance Projects 2016 2017 Cumulative (as of 31 Dec 2017) Amount Amount Amount Item ($ million) % of Total ($ million) % of Total ($ million) % of Total Goods, Works, and Related Services 55.75 0.49 28.63 0.27 3,520.91 2.08 Consulting Services 29.03 4.62 15.50 2.09 552.05 4.59 Total Procurement 84.78 0.71 44.13 0.40 4,072.96 2.25

• Cooperation Fund for Regional Trade » Cumulative commitment: NONSOVEREIGN OPERATIONS and Financial Security Initiative— $2.00 million established in 2004 to assist DMCs As a catalyst for private investments, ADB provides direct fi nancial assistance to in establishing eff ective regimes for Cooperation Agreement regional anti-money laundering and nonsovereign public sector and private combating the fi nancing of terrorism • Memorandum of Understanding for sector transactions in the form of direct capacity-building activities Strategic Partnership for Sustainable loans, equity investments, guarantees, B loans, and trade fi nance. In 2017, $3.17 » Cumulative commitment: and Inclusive Development through billion of fi nancing for 29 nonsovereign $1 million Promotion of Quality Infrastructure Investment in Asia and the Pacifi c transactions funded by ADB’s own • Asia Pacifi c Project Preparation between ADB and the Japan resources were approved. Total Facility—established in 2014 International Cooperation Agency— commitments achieved in 2017 amounted to encourage private sector signed on 17 December 2015 to $2.29 billion for 27 transactions. participation in infrastructure by Both ordinary capital resources (OCR) adopting a more consistent and Based on the ’s approvals and commitments were at higher-quality approach to public- initiative Partnership for Quality record highs in 2017. Around $5.9 billion private partnership (PPP) project Infrastructure, the collaboration of cofi nancing from commercial and preparation development and between ADB and JICA will establish a offi cial sources were mobilized. Total OCR transaction advice across the region new trust fund—LEAP—at ADB, with outstanding balances and commitments $1.5 billion capitalization from JICA, to of ADB’s nonsovereign transactions » Cumulative commitment: stimulate investment in quality private as of 31 December 2017 amounted to $40 million infrastructure projects, including through $10.9 billion. public-private partnerships. LEAP is • High-Level Technology Fund— The Japan Oil, Gas and Metals expected to yield $6 billion of new private established in 2017 to promote the Corporation; Mitsubishi Corporation; infrastructure investment. integration of high-level technology INPEX Corporation; JX Nippon, Mitsui; (HLT) and innovative solutions in the Further, to promote public infrastructure Sojitz Corporation; and Sumitomo design and implementation of ADB development in the region, ADB and Corporation have equity investments in a projects in Asia and the Pacifi c JICA will cofi nance $10 billion in liquefi ed natural gas project in Indonesia, » Cumulative commitment: sovereign loans and support long-term for which a loan is being provided by $19.57 million investment plans as well as provide ADB. Orix Corporation, the Bank of necessary technical assistance for Tokyo-Mitsubishi, Sompo Insurance, • Domestic Resource Mobilization preparing and implementing projects, and JICA have partnered with ADB for Trust Fund—established in 2017 leveraging the comparative advantages of one of the largest private equity funds to enhance domestic resource each institution. dedicated to the environment in Asia and mobilization in ADB’s DMCs to support the achievement of Sustainable Development Goals

Top 5 Contractors/Suppliers from Japan Involved in Top 5 Consultants from Japan Involved in Consulting Services Goods, Works, and Related Services Contracts under Contracts under ADB Loan, Grant, and Technical Assistance ADB Loan and Grant Projects, 1 January 2013– Projects, 1 January 2013–31 December 2017 31 December 2017 Contract Contract Amount Amount Consultant Sector ($ million) Contractor/Supplier Sector ($ million) Nippon Koei Co. Ltd. ANR, ENE, Ogawa Seiki Co. Ltd. ENE 27.99 TRA, WUS 26.90 Uzushio Electric Co. Ltd. ENE 22.45 Katahira & Engineers International TRA 24.91 Sumimoto Elec Indus Ltd. ENE 15.47 Padeco Co. Ltd. IND, TRA 13.23 Kubota Corp. - Ortex Investments Ltd. Oriental Consultants Co. Ltd. ANR, FIN, TRA 7.10 Consortium ANR 11.91 UN Habitat for Asia and the Pacifi c ANR, WUS 4.07 NEC Corp. ICT 9.73 Individual Consultants 5.85 Others 14.94 Others 18.26 Total 102.49 Total 100.33 ANR = agriculture, natural resources, and rural development; ENE = energy; ANR = agriculture, natural resources, and rural development; ENE = energy; FIN = fi nance; ICT = information and communication technology. IND = industry and trade; PSM = public sector management; TRA = transport; WUS = water and other urban infrastructure and services. the Pacifi c. ADB has collaborated with PROCUREMENT and $10.43 billion in 2017. Cumulative many other Japanese entities in providing procurement since 1966 was $169.12 fi nancing to various nonsovereign Each year, ADB provides loans, billion covering 211,316 contracts. transactions in the infrastructure and grants, and technical assistance to In Japan, 4,954 contracts worth $3.52 fi nance sectors. Among these are fund projects and activities in its billion were awarded to contractors and Mizuho Corporate Bank, Sumitomo DMCs; and several billion dollars in suppliers since 1966. Mitsui Banking Corporation, Japan contracts to procure goods, works, and consulting services. Most contracts are Bank for International Cooperation, Consulting Services Mitsubishi, Hitachi, Marubeni, Sawada awarded on the basis of international competition, which is open to fi rms ADB’s procurement contracts in Asia Holdings, Itochu, Kyuden International and the Pacifi c for consulting services Corporation, Kyushu Electric power, and individuals from any ADB member, regional or nonregional. under loan, grant, and technical Aozora Asia Pacifi c Finance Limited, assistance operations totaled $627.79 NEC Captial Solutions Limited, and The million in 2016 and $741.84 million in Share of ADB’s Procurement Tokyo Star Bank. Ishikawajima-Harima 2017. Cumulative procurement since Contracts Heavy Industries, Tokyo Engineering, 1966 was $12.02 billion covering 55,420 Itochu Corporation, and Mitsui & Co. Goods, Works, and Related Services contracts. are the engineering, procurement, and construction contractors for a natural gas ADB’s procurement contracts in Asia In Japan, 701 contracts worth $552.05 project in India. and the Pacifi c for goods, works, and million were awarded to consultants related services under loan and grant since 1966. operations totaled $11.28 billion in 2016

ADB PRESIDENTS Mr. Takeshi Watanabe 24 November 1966–24 November 1972 Mr. Shiro Inoue 25 November 1972–23 November 1976 Mr. Taroichi Yoshida 24 November 1976–23 November 1981 Mr. Masao Fujioka 24 November 1981–23 November 1989 Mr. Kimimasa Tarumizu 24 November 1989–23 November 1993 Mr. Mitsuo Sato 24 November 1993–15 January 1999 Mr. Tadao Chino 16 January 1999–31 January 2005 Mr. 1 February 2005–18 March 2013 Mr. Takehiko Nakao 28 April 2013–present

ADB GOVERNOR Taro Aso is the Governor for Japan in ADB.

ADB ALTERNATE GOVERNOR Haruhiko Kuroda is the Alternate Governor for Japan in ADB.

ADB DIRECTOR AND ALTERNATE DIRECTOR Takeshi Kurihara is the Director and Masashi Tanabe is the Alternate Director representing Japan on the ADB Board of Directors. OFFICE OF COFINANCING OPERATIONS ADB DIRECTOR’S ADVISORS Toshimasa Mae (Financing Partnerships Specialist), Takafumi Mafune Goshi Tsukamoto and Hidemasa Fukuda, together with the Director and (Financing Partnerships Specialist), and Naoki Hatta (Financing Partner- Alternate Director, also provide technical advice and assist interested ships Specialist) are the coordinators for Japan funds. parties of Japan in their contacts with ADB. CONTACTS MEMBERS OF SENIOR ADVISORY COUNCILS Japanese Representative Offi ce Masahisa Fujita, President and Chief Research Offi cer, Research Institute ADB’s Japanese Representative Offi ce is located at Kasumigaseki Building 8F, of Economy, Trade and Industry, is a member of the ADB Institute Advisory 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan. Council. Tel +81 3 3504 3160 Fax +81 3 3504 3165 Shin-ichi Ago, Professor of Law at Ritsumeikan University and Professor [email protected] Emeritus, former Law Dean and Vice-President at Kyushu University, is a www.adb.org/JRO member of the ADB Administrative Tribunal. Takashi Matsuo is the Representative.

ADB STAFF MEMBERS ADB Headquarters As of 31 December 2017, there were 143 international staff from Japan 6 ADB Avenue, Mandaluyong City, in ADB (102 men and 41 women), which represent 12.59% of the total 1550 Metro Manila, Philippines international staff , including 25 senior staff members. Tel +63 2 632 4444 Fax +63 2 636 2444 ANNUAL MEETING www.adb.org ADB held its inaugural Annual Meeting in Tokyo on 24–26 November 1966. ADB also held its 20th Annual Meeting in Osaka on 27–29 April 1987, its 30th Annual Meeting in Fukuoka on 11–13 May 1997, its 40th Annual Meeting in Kyoto on 6–7 May 2007, and its 50th Annual Meeting will be held in Yokohama on 6–7 May 2017.

In this publication, “$” refers to US dollars. Figures are estimated by ADB unless otherwise cited. Data are as of 31 December 2017 unless otherwise indicated. Fact sheets are updated annually in April. April 2018