Nippon Export and Investment Insurance

Nippon Export and Investment Insurance, or NEXI, is an incorporated administrative agency of the Japanese government. The current organization was formed on April 1, 2001 under the jurisdiction of the Ministry of Economy, Trade and Industry based on the General Rules for Incorporated Administrative Agency and Trade and Investment Insurance Act. It provides trade and investment insurance services to facilitate and enhance Japanese companies’ international business.

The Japanese Government established the trade and investment insurance program in 1950 as part of its export promotion policy. Since its establishment, the program had been managed directly by the Government for 50 years and has played a significant role in supporting expanding exports and the development of overseas activities of Japanese companies. In April 2001, Nippon Export and Investment Insurance (NEXI), an incorporated administrative agency, was newly created as a 100% state-owned agency to effciently manage this program in unity with the Government.

Since then, all operations involved in the program have been conducted by NEXI, while the Government (Ministry of Economy, Trade and Industry: “METI”) remains in charge of overall planning and negotiation between countries, from the standpoint of Japanese trade policy as a whole.

NEXI has instituted a medium and long term plan, with an aim to efficiently operate the organization focused on a medium to long term perspective, improve services to customers, and expand the risks it underwrites. By openly disclosing financial statements such as balance sheets and income statements prepared in accordance with the accounting principles used by private companies, and other information related to the management of corporations, the transparency of business management is enhanced. For personnel administration, a flexible job appointment system is carried out as an incorporated administrative agency. In addition, when undertaking trade and investment insurance for projects, full consideration is given to the environmental and social impact. NEXI’s role is to help Japanese companies conduct anxiety free overseas trading.