Newly Introduced Concession-type PFI in Japan

Author: Terukazu Katsuyama

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Publisher: Nagashima Ohno & Tsunematsu

Journal / Book: NO&T Japan Legal Update No.1 (May, 2015)

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*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

Privatization of Government Services and Public Infrastructure Projects

Motivated by concerns regarding the country’s massive national debt, which reportedly exceeded 1 quadrillion yen (roughly 10 trillion US dollars) in 2013, the government of Japan (“Government”) has taken steps to facilitate greater privatization of government services and projects related to infrastructure, in particular through the enactment of legislation intended to stimulate Private Finance Initiative transactions (“PFI”). In 2011, the Government announced its plan to raise the level of PFI investments in Japan to at least 10 trillion yen (roughly 100 billion US dollars) by 2020 and the PFI Law was amended in the same year to achieve this ambitious goal.

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