Exhibit 5.E

EXPENSES

Expenses, other than underwriting discounts and commissions, payable by JBIC in connection with the issuance and sale of the Securities are estimated as follows (yen amounts have been translated into U.S. dollar amounts using the exchange rate of JPY ¥144.55 = U.S.$1.00, the spot buying rate quoted on the Tokyo Foreign Exchange on September 28, 2022, as reported by the Bank of Japan at 5:00 p.m., Tokyo time):

 

Securities and Exchange Commission registration fee			$1,739
Fiscal Agent’s fee, including printing and engraving the Securities			43,000
Printing expenses			35,350
Legal fees and expenses			42,000
Miscellaneous, including reimbursement in lieu of underwriters’ expenses			232,722
Total			354,811