Financial Cooperation with Partner-Country Companies under the Partnership on Wide Energy and Resources Resilience Asia

1. Launch of the Partnership on Wide Energy and Resources Resilience Asia (POWERR Asia)

On Wednesday, April 15, Prime Minister Takaichi held an AZEC+ online meeting regarding energy resilience and announced the launch of the Partnership on Wide Energy and Resources Resilience Asia (POWERR Asia).

This framework aims to cooperate in emergency responses through financing procurement of crude oil, petroleum products, and maintaining supply chains in Asia. It will also address structural responses such as establishing stockpiling and release systems as well as the construction and utilization of storage tanks to expand the number of days of crude oil reserves within the region; securing critical minerals and diversifying energy resources such as biofuels; and promoting industrial advancement and energy-saving initiatives. The support involves financial cooperation of approximately 10 billion dollars. The Ministry of Economy, Trade and Industry, while utilizing this framework, will strengthen supply chains in Asia for Japan’s stable procurement of critical supplies.

• Overview of the Partnership on Wide Energy and Resources Resilience Asia(PDF:111KB)
• Asia Zero-Emission Community (AZEC) Plus online Summit on energy resilience（April 15, 2026）
• Asia Zero-Emission Community (AZEC) Plus online Summit on energy resilience (Summary)（April 15, 2026）

2. Emergency response by government-affiliated financial institutions

In light of the significant impact the current situation in the Middle East is having on Asian countries, the Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI) will implement the following emergency measures to ensure the procurement of crude oil and petroleum products and the maintenance of supply chains in Asia.

(1) JBIC loans

The Government of Japan has decided to create a new financing window, the POWERR Asia FAST Window, within the Japan Strategic Investment Facility,¹ which was established in the Japan Bank for International Cooperation (JBIC) in October 2025. (Overview [in Japanese])

Furthermore, the Government of Japan plans to provide financial assistance, based on the JBIC Act (Japan Bank for International Cooperation Act), for the procurement of crude oil and petroleum products and the business of supply chain companies affected by fuel shortages. (Overview [in Japanese](PDF:361KB))

For inquiries

List of JBIC consultation desks (in Japanese)

Note 1: Establishment and Launch of the Japan Strategic Investment Facility (on the Finance Ministry website) (in Japanese)

(2) Insurance provided by NEXI

Following the announcement of the Partnership on Wide Energy and Resources Resilience Asia, NEXI established an internal taskforce on Friday, April 17, to consider and implement NEXI's response measures based on the partnership.

NEXI’s response to the Partnership on Wide Energy and Resources Resilience Asia (April 17, 2026) (in Japanese)

In this task force, NEXI plans to consider and implement measures that meet the legal requirements under the International Trade and Investment Insurance Act, such as NEXI providing insurance for transactions in which Japanese trading companies sell procured crude oil to companies in the region, thereby supplementing the creditworthiness of those companies and providing financial cooperation for crude oil procurement.

For inquiries

Task Force Secretariat, Planning Department, Planning Group: TEL 03-3512-7602

Divisions in Charge

• Middle East and Africa Division, Trade Policy Bureau

• Trade Finance Division, Trade Policy Bureau

• Asia and Pacific Division, Trade Policy Bureau

• International Affairs Division, Commissioner’s Secretariat, Agency for Natural Resources and Energy