AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On 31 March 2015 the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with Indonesian PT. TTL Residences. The company is jointly established by Japanese Toyota Tsusho Corporation, Toyota Home Co., Ltd., and PT. Tokyu Land Indonesia (an Indonesian subsidiary of Japanese Tokyu Fudosan Holdings Corporation) as well as Indonesian LIPPO Group.
The loan is intended to PT. TTL Residences' development and operations of hotels in Indonesia.
The Bank in this context stated: 'The loan will contribute to maintaining and strengthening the international competitiveness of Japanese companies through supporting the business deployment of Japanese companies in Indonesia by supporting this Toyota Tsusho's business."
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.
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