AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On 29 December 2015, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement totalling USD 11.812 million, which is provided under the already established credit line with Hiroshima Bank, Ltd. See related measure. The loan agreement will fund the Mexican company Hiruta Mexico, S.A. De C.V.'s manufacturing and sales of automotive parts. The company is a subsidiary of Japanese Hiruta Kogyo Ltd.
In this context the Bank stated: 'This loan will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.'
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
⚑ Please report this page in case you detect an inaccuracy in its content.