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ZAITO INSTITUTION BONDS/ ZAITO BONDS Zaito Institution Bonds are issued by each Zaito Institution without the guarantee of the Japanese government. Zaito Bonds (also referred to as 'FILP Bonds') are a form of Japanese Government Bond Fiscal Investment and Loan Program Monthly Report of the Fiscal Loan Fund Planned issuance of Zaito Bonds (FILP Bonds) in FY2006 (MOF report) Zaito Institutions (also referred to as FILP Institutions) --ZAITO INSTITUTIONS-- Agriculture, Forestry and Fisheries Finance Corporation of Japan Development Bank of Japan Electric Power Development Company Environmental Restoration and Conservation Agency (ERCA) Government Pension Investment Fund (GPIF) Honshu-Shikoku Bridge Expressway Company Limited Japan Bank for International Cooperation Japan Expressway Holdings and Debt Repayment Agency (JEHDRA) Japan Finance Corporation for Municipal Enterprises Japan Finance Corporation for Small and Medium Enterprises Japan Green Resources Agency Japan Railway Construction, Transport, and Technology Agency (JRTT) Japan Student Services Organization Japan Water Agency Kansai International Airport Co., Ltd. Metropolitan Expressway Co., Ltd. Narita International Airport Corporation National Life Finance Corporation Okinawa Development Finance Corporation Organization for Small & Medium Enterprises and Regional Innovation Shoko Chukin Bank Welfare and Medical Service Agency TRANSLATION TOOLS

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