Chapter 1: Background

JKTC's annual budget for capital investment and loan services is about Ą28 billion, largely derived from the Japanese government's holdings of shares in NTT. 3 As indicated in Table 2.1, the annual budget for investment and loan services from 1990 through 1997 has stayed fairly constant at about Ą28 billion. Approximately 75% of JKTC's budget is used to support capital investment and 25% for loan services.

Table 2.1
Annual JKTC Budget for Capital Investment and Loan Services
(Ą millions)

Fiscal Year	Capital Investment	Loan Services	Total
FY1985	2,000	2,000	4,000
FY1986	12,500	5,700	18,200
FY1987	17,300	7,700	25,000
FY1988	19,200	7,000	26,200
FY1989	20,200	6,400	26,600
FY1990	21,700	6,300	28,000
FY1991	22,400	6,300	28,000
FY1992	22,000	6,500	28,500
FY1993	21,500	6,500	28,000
FY1994	20,900	7,200	28,100
FY1995	20,600	7,600	28,200
FY1996	20,000	8,500	28,500
FY1997	20,000	8,500	28,500
FY1998	NA	NA

The dividends provided funding for the first set of four JKTC projects established under the umbrella of the Advanced Telecommunications Research (ATR) Institute situated in Kyoto, Japan. Subsequently, thirteen additional projects also were started up in 1985. In total, seven projects, including four from ATR, were in the area of telecommunications, and the remaining ten, including two in biotechnology, were in mining and industry. For a complete list of projects see Appendix D.

JKTC FINANCIAL RESOURCES