Abstract
Embedded in Japan’s philosophy of development is the idea that the public and private sectors must work not as adversaries, but as partners in development.1
Private companies are given a more prominent position in the Japanese approach to development than in other countries. ODA is not viewed as a separate activity but as one component of the concept of ‘economic cooperation’. The present five-year plan which specifies that Japan should increase its ODA to $70-5 billion during 1993-7, is part of a bigger plan for financial co-operation with developing countries in which another $50 billion is to be extended through other official channels, such as loans from the Exim Bank, MITI insurance, etc., during the same period.