ANNOUNCEMENT 12 Mar 2015In March 2015, the government of Japan announced new support for the overseas expansion of domestic firms.
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The Japan Bank for International Cooperation press release: Credit Line for Bank of Ayudhya Public Company Limited in Thailand. Available at: http://www.jbic.go.jp/en/information/press/press-2014/0313-37803
On 12 March 2015 the Japan Bank for International Cooperation (JBIC) signed a USD 30 million loan agreement with Thai Bank of Ayudhya Public Company Limited, a subsidiary of Japanese The Bank of Tokyo-Mitsubishi UFJ, Ltd. to establish a credit line. The credit line is intended to support overseas deployment of Japanese small and medium sized enterprises.
In this context the bank stated: 'JBIC intends to provide appropriate and speedy support to the business deployment of these SMEs in Thailand by extending medium- and long-term funds to Krungsri in collaboration with this company which has a broad range of business relations with Japanese SMEs.'
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.