ANNOUNCEMENT 19 Jun 2015In June 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 Hachijuni Bank. Available at: http://www.jbic.go.jp/en/information/press/press-2015/0619-39731
On 19 June 2015 the Japan Bank for International Corporation (JBIC) signed an agreement with Japanese Hachijuni Bank, Ltd to establish a credit line of USD 20 million. The credit line is to be directed towards Japanese mid-tier businesses and SMEs 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.