Nippon Kangyo Bank since 1897
helping
make opportunities
become realities
The faster an economy grows as in Japan, the more opportunities present themselves. But op- portunities remain opportunities for ever-if let
alone. Nippon Kangyo Bank helps make them
become realities...as Japan's Commercial Bank
with experience and knowledge accumulated since
1897-and with a network of 1,200 overseas cor.
respondents and 130 branches throughout Japan.
JAPAN'S COMMERCIAL BANK
NIPPON KANGYO BANK
Head Office: Hibiya, Tokyo
New York Office: 149 Broadway, New York &
London Office: 1 Royal Exchange Ave., London, E.C. 3
Talpei Branch; 35 Po-Ai Road, Taipei
Docs 290
£211.
FAR EASTERN ECONOMIC REVE
GLOBAL BANKING SERVICE
Contributing to Japan's economic expansion has been one
of the Bank of Kobe's many notable achievements.
As one of the select authorized foreign exchange banks,
its international network of correspondents provides
world-wide banking service. For your every banking
need, it pays to consult with the experts of the Bank
of Kobe, first.
THE BANK of KOBE, LTD.
Head Office: Kobe, Japan, 146 Branches throughout Japan.
Representative Offices: London, New York.
October 31, 1963
-IV—Reparations Disbursements¬
Paid
(% in brackets) by end-July 1963
US$ million
Total due
Burma
200.0
Philippines
550.0
Indonesia
223.1
5. Vietnam
39.0
168.4 (84%) 135.1 (25%) 101.2 (45%) 31.8 (81%)
Total
1,012.1
436.5 (43%)
Laos⭑
3.0
2.6 (87%)
Cambodia*
4.5
3.2 (70%)
Grand Total
1,019.6
442.3 (43%)
Thailandt
28.0
6.0 (20%)
*
special economic agreements.
$ not including new $140 million agrec- ment of 1963.
† special Yen agreciment
Source: Ministry of Foreign Affairs, Tokyo.
60% of her effort to this area. About a third of Japan's exports go to this area and about a fifth of her im- ports come from it. Mr F. Kai, Director of the Gaimusho Econo-
mic Cooperation Bureau, put it this way in a speech this sum-
mer:
"It is natural that
we,
as a close neigh-
bour, are concern-
ed with the econo-
mic, political and social stability and
progress of the countries in the (Southeast Asia) region, which depend very much upon the successful achievement of their development ob- jectives. We are much concerned, for it is in this region of the world where the widest gap exists between the peoples' pressing desire for higher standards of living and the hard conditions that actually surround them. If our experiences and resources are of any use for accelerating the economic development of the region, it would be in the interest of Japan as well as the countries in the region. We cannot live alone; we must live happily with our neigh- bours. It is for this reason that we have been keenly interested in development assistance to our neighbouring countries and have been doing our utmost to expand such assistance. In short, our economic co-operation with Southeast Asian countries is inspired and streng- thened by our fundamental recognition that we belong to Asia and are associated with our Asian neighbours by a solid bondage of sympathy, friendship and mutual interest,"
The Japanese divide their economic co-operation into financial and technical, the financial consisting of private investments, loans and credits, and grants.
(a) Private Investment
At the end of last year the aggregate outstanding value of Japanese investments in Southeast Asia was about $80 million, or a quarter of the total in all countries. Table 1 shows the breakdown. The figure is now improving with the better climate in many countries, including the new production-sharing arrangements offered by Indonesia. The Government has Treaty and other agreements for investment promotion with India, Indonesia, Malaysia, Pakistan and the Philippines, and the avoidance-of-double-taxation agreements with India, Pakistan, Singapore and Thailand are expected to encourage Japanese investment there. The Government also helps and encourages private firms to invest abroad by pro-
USS million, calendar years
Burma Philippines Indonesia
5. Vietnam Laos* Cambodia
Total
Thailandt U.S.§
Grand Total
S. Koreat
Page 280
viding public funds from the EIB or OECF and by running investment prin- cipal insurance and investment profit in- surance schemes.
(b)
Loans and Credits
239
| JAPAN INTO
AFFLUENCE.
Special
There are two forms of Government- to-Government loans-the direct loan of public funds, and the line of credit approving in advance Japanese suppliers' credit up to amounts and on terms and conditions agreed with the foreign Government. The Japanese Government has extended direct loans to India, Pakistan, Paraguay and South Vietnam -V-Allocation of Japanese Government Funds for Technical Assistance
US$ '000
Type of assistance
A. BILATERAL PROGRAMMES
Aggregate
allocation
FY '54--FY '60 FY '60 FY '61 FY '62
Colombo Plan Technical Co-operation
Scheme
Middle East & Africa
Latin America US-Japan Joint Third Country Training
Programme
ྨ ནྡྷཊྛ༔ ཎི ཙཱ ཝཱ
FY'63
2,577
815
879
Technical Co-operation Scheme for
Northeast Asia
*
275
213
33 1,677 313
123
110
143
43
39
40
44
1,830
632
680 1,103
328
141 153 179
1.374 178
164
44 350
406
6,666
2,777
278 2,048
49
15
17
23
23
12,036
4,643 2,357 5,110
3,702
Overseas Technical Training Centre
Development Scheme Mekong River Development Programme Overseas Construction§ & Engineering
Survey Programme Economic and Technical Co-operation Agreement with Laos & Cambodia* Multilateral Agencies and otherst
Total
B. MULTILATERAL PROGRAMMES
Asian Productivity Organisation Contributions to EPTA Contributions to UNSE Voluntary Contributions to Type 2 fellowship to IAEA
Total
*ខ្លួនដ
0
0
80
102
915
135 400 450
570
960
480 1,423 1,596
2,020
IAFA
42
22
28
28
444
32
27
24
1,961
669 1,948 2,181 2,744
Grand total
13,997
5,312 4,305 7,291 6,446
FY Fiscal Years, April-March.
disbursement basis
*
† expenses incidental to training in Japan of fellows under training programmes of the United Nations agencies and of national governments $replaced by Pre-investment survey scheme in 1962.
Source: Ministry of Foreign Affairs, Tokyo.
and lines of credit to India, Pakistan, the Philippines, In- donesia, the U.A.R. and a few other countries. A loan to South Korea is now under discussion.
As for private credits export, since Japanese firms find -III-Japan's War Debt and Reparations Repayments 1955-77–
30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 20.0 20.0 20.0 3.1
| | | |
| | | |
[ | | |
Total
1955 1956 1957 1958
20.0 20.0 20.0 20.0 25.0 25.0 25.0 20.0
1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977
20.0 20.0 20.0 20.0 20.0 20.0 11.7 11.7 117 1.7 11.7 11.7 11.7 11.7 11.7 11.7 11.7 11.3 25.0 25.0 25.0 25.0 25.0 25.0 25.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 10.0 10.0 10.0 4.5 4.5
1955-77
340.0
550,0
223.1
39.0
1.5
1.5
3.0
1.5 1.5 1.5
4.5
20.0 45.0 45.0 65.0
68.0 78.0 76.5 75.0 69,5 69.5 56.7 61.7 61.7 61.7 44.8 41.7
3.0 3.0 3.0 3.0 3.0 3.0 3.0 7.0
41.7 41.7 41.7 41.7 41.7 1.3
1,159.6
28.0
43.9 43.9 43.9 43.9 43.9 43.9 43.9 43.9 43.9 43.9 43.9 43.9 17.4 17.4 17.4
579.0
20.0 45.0 45.0 65.0
68.0 78.0 76.5 78.0 116.4 116.4 103.6 108.6 108.6 108.6 95.7 85.6 85.6 85.6 85.6 85.6 59.1 28.7 17.4
30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0 30.0
1,766.6
300.0
"special Yen" agreement.
* special economic co-operation agreements not technically war reparations.
$ repayment of GAROIA and EROA loans.
Source: Ministry of Foreign Affairs, Tokyo.
✦ payments due if tentative agreement is ratified soon.
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