IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Jan 2010 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

On 19 January 2010, the Japanese government released a credit line to Japan Airlines as part of an agreed cooperate revitalization programme.
The credit line has a volume of 350 billion Yen (2.9 billion USD). It is complemented by tax remission with an estimated value of 68 billion Yen (560 million USD).
This is the second intervention of the Japanese government, after an earlier round of emergency funding in 2009 (see related measures).
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

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