Daily Bulletin “From Japan to Bali”
Key Messages from Japanese Stakeholders
10th World Water Forum - Water for Shared Prosperity

JAPAN WATER FORUM
24 May 2024 - Bali, Indonesia

Shift to risk management-based water resources
policy in JapanOKAZUMI Toshio, Consultant, Token• Careful and patient preparation is needed for water
resources management plans to deal uncertainty.
• Calm and fair response is expected in actual crisis
from the manager based on the plan.

Investment for resilience and reducing poverty through flood control
KAWASAKI Akiyuki, University of Tokyo❶ Optimizing the finance, governance, capacity
building and institutional arrangements

In recent years, extreme phenomena caused by global
warming and climate change have become more prominent, and damage from floods and droughts has become
more severe and frequent. This session shared casestudies of initiatives around the world. Specialists fromvarious fields discussed keys to optimize finance, governance, capacity building and institutional arrangements.

Opening remarks
KOIKE Toshio, Executive Director of International Centre for Water Hazard and Risk Management (ICHARM)• Coordinated and integrated efforts for working together are necessary.
• Water cycle links the climate system and the water
resources management system.

Observation data and effective groundwater
preservation efforts using scientific techniques
ONISHI Kazufumi, Mayor of Kumamoto City

• Vicious cycle of poverty and widening inequality isaccelerated by flood disasters.
• Secondary benefits of investment is up to 2-5 times
higher than the primary benefit.
• Conventional practices of investment in disaster risk
reduction have overlooked large amount of benefit.

❸ Sustainable water finance synthesis session
This session brought together a diverse array of sub-topics, organizations, and approaches. It aimed at bringing
together the learnings, opportunities, and outcomesfrom across this theme, and to consider where next forupcoming events, such as the G20 conference and theUN 2026 Water Conference.

Enhanced funding to cope with water crises,
water disasters and for climate resilience
ISHIWATARI Mikio, Board Director, Japan Water Forum• Investment in water-related disasters in Asia has
been estimated• Multiple measures and their various benefits havebeen measured• New policy paper will be prepared to build on the outputs of these sessions• Observation wells produced the data necessary tounderstand and visualize the flow of groundwater.
• Projects were identified thanks to the map to reduce
exposure to disaster and increase resilience.

Reimagining collective action
ISHII Satoshi, Director of the Strategy and Partnerships Team, Water and Urban Development
Sectors Group, Asian Development BankHIROKI Kenzo, Coordinator of the High-level
Experts and Leaders Panel on Water and Disasters (HELP)• Collaboration should come more to the front. The
boundary of the water sector has been expanding.
• Competition is predominant among financiers, who
are more interested in placing their products.
• Reimagine how the financial sector can work better
together beyond project-based transactions.

• Water cycle is the missing link to connect water andclimate and present comprehensive solutions.
• Blue bonds can be a solution to attract financing as
disaster risk reduction is only financed by taxes.

❷ Mobilizing “wise” investments to address thewater crisis
There is urgent and immediate need for new, additional,
predictable and adequate financial resources to assist
developing countries that are particularly vulnerable tothe adverse effects of climate change in responding toeconomic and non-economic loss and damage associated with the adverse effects of climate change. Thissession will consider new channels for multilateral finance and synergies with existing ones to build climatechange resilience.
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