ANNOUNCEMENT 10 Mar 2015In March 2015, the government of Japan announced new support for the overseas expansion of domestic firms.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation press release: Credit Line for SMFL's Subsidiary in Thailand. Available at: http://www.jbic.go.jp/en/information/press/press-2014/0310-35675
On 10 March 2015 the Japan Bank for International Cooperation signed a USD 28 million loan agreement with Thai SMFL Leasing (Thailand) Co., Ltd, a subsidiary of Japanese Sumitomo Mitsui Finance and Leasing Company. The credit line is intended to support overseas deployment of Japanese small and medium sized enterprises. This credit line is the second agreement, the first being established in December 2013 (see related measure).
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.