ANNOUNCEMENT 30 Sep 2015In September 2015, the government of Japan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation press release: General Agreement for Credit Line with Hyakujushi Bank. Available at: http://www.jbic.go.jp/en/information/press/press-2015/0930-42499
On 30 September 2015 the Japan Bank for International Corporation (JBIC) signed an agreement with Japanese Hyakujushi Bank, Ltd. to establish a credit line of up to USD 50 million. The credit line is to be directed towards Japanese mid-tier businesses and SMEs as well as their overseas subsidiaries with medium- and long-term funds in connection with their business deployment in developing countries.
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.