One of the important measures of Japan’s industrial policy was direct financial support
and taxation by the government. As for the allocation of financial resources for
prioritized sectors, a large amount of FILP as well as long-term JDB loans were directed
to economic infrastructure, such as energy and transport sectors. Direct government
support for manufacturing industries was modest, but government commitment often
encouraged additional funding from private banks. Financial support by the
government, together with the export facilitation by the Export-Import Bank of Japan
(established in December 1950 as Japan Export Bank), seemed to effectively control
total funding towards strategic prioritization.