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 130.88 = U.S.$1.00, the spot buying rate quoted on the Tokyo Foreign Exchange on February 8, 2023, as reported by the Bank of Japan at 5:00 p.m., Tokyo time, and euro amounts have been translated into U.S. dollar amounts using the exchange rate of €1.00 = U.S.$1.08, the noon buying rate for cable transfers in New York City payable in euro on February 3, 2023, as reported by the Federal Reserve Bank of New York):

 

Securities and Exchange Commission registration fee

   $ 3,995  

Fiscal Agent’s fee, including printing and engraving the Securities

     23,544  

Printing expenses

     35,350  

Legal fees and expenses

     42,000  

Miscellaneous, including reimbursement in lieu of underwriters’ expenses

     228,750  
  

 

 

 

Total

     333,639