ANNOUNCEMENT 06 Dec 2013In December 2013, 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-2013/1206-16540
On 6 December 2013 the Japan Bank for International Cooperation (JBIC) 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. 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.