Despite the continual growth in the global infrastructure market especially in Asia, Japan's public sector investment is contracting against the backdrop of a declining population. Promoting infrastructure systems encompassing the full scale of Japan's experience and knowledge of high-end technology is important in sustaining Japan's growth going forward.
As part of the "Japan Revitalization Strategy (Cabinet decision June 14, 2013)" of achieving 30 trillion yen in infrastructure system orders by 2020, the government and the private sector have jointly celebrated the inauguration of Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) on October 20, 2014. The role of JOIN is to support and facilitate Japanese corporations to participate in the global infrastructure market, thereby expanding the business opportunities offered to affiliated companies and operators across the board.
On top of making joint investments with the private sectors, the role of JOIN will be to take the initiative to a) negotiate and discuss with the government (of the country in question) to mitigate foreseeable investment risks for the Japanese corporates, and b) bring the best of Japan's technology and learned experience overseas to actively nurture capable human resource on-site, thereby ensuring the sustainable operation of any infrastructure for years beyond the point of construction.
JOIN will not merely act as financial partners, but will be actively involved in the projects, working as partners to the Japanese corporations and with the overseas corporations and governments, thereby making us the first-ever "hands-on" infrastructure fund to be inaugurated in Japan.
Through JOIN, we aspire to actively contribute to the development of overseas countries, and to the overseas projects overseen by Japan's infrastructure corporations. We are very excited to be here at JOIN and look very much forward to working with partners in building together a better and brighter future.