MUMBAI: With the formation of a stable government at the Centre, investments by Japanese firms in the country are set to rise manifold, Japan Bank for International Cooperation (JBIC) Governor Hiroshi Watanabe has said.This is evident from the findings of the survey of Japanese corporations to be released soon, he said, hinting that India has moved up the ladder."I think from now on, Japanese companies' investments into India is going to rise," he told reporters on the sidelines of the Asian Exim Banks forum held in Jopdhpur earlier this week.Watanabe, however, declined to give any projection over the quantum of Japanese investments which will be flowing into the country.He said JBIC undertakes a survey of Japanese companies, especially those engaged in the manufacturing sector, about where they want to put their money over a medium and long-term horizon."In the new survey, I think India's ranking is getting higher even for the short-term of two to three years," he said, adding that the country has been occupying the top position on the long-term investment perspective for some time now.The comments from the head of JBIC, which has supported a slew of infrastructure development projects in the country, including the Delhi-Mumbai Industrial Corridor, come within days of Japanese telecom giant Softbank announcing an investment of USD 10 billion in the country.As for JBIC's play in the country, Watanabe said its total outstanding stands at JPY 174 billion at present and it has committed JPY 90 billion more for the country since April 2013 alone.Watanabe said if the bank's lending in India is successful, the JBIC would also like to look at projects in neighbouring countries like Bangladesh and Sri Lanka.He also advocated formation of joint ventures between Indian and Japanese companies for exploring the market.He said Indian companies have developed expertise in managing operations in emerging markets like Africa, where it sees a huge business opportunity, and therefore, Japanese companies would like to partner.On the domestic scenario, he said the formation of a stable government, coupled with thrust on the Indo-Japanese ties by the Modi administration, is a positive factor.However, Watanabe said that Japanese investors would like to see a stability in policies and also a change in attitude among domestic private sector players with regard to working with foreign investors."Most important is the predictability of the investment. The government should be stable and Indian companies' attitude towards foreign investment also should also change," he said.He said initially, there will be a strong wave of support which might create some 'illusion or euphoria' but expressed confidence that the same will be "sorted out in the coming days."The JBIC chief also called for liberalisation in rules, saying that RBI should allow Japanese banks operating in the country to lend to clients for purchase of real estate, which is prohibited at present.The Governor said JBIC has reached a level of "saturation" in China.The bank wants to shift away from its policy of "keeping multiple eggs in a single basket", he said, alluding the concerns like wage price spirals in South China which raises fears of exports getting uncompetitive.