ANNOUNCEMENT 11 Feb 2015In February 2015, the government of Japan announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation press release: Buyer's Credit for Coal Mining Company in Indonesia
Available at: http://www.jbic.go.jp/en/information/press/press-2009/0212-7145
JBIC information on export loans: http://www.jbic.go.jp/en/finance/export
On 11 February 2010, the Japan Bank for International Corporation (JBIC) signed a USD 50 million buyer's credit agreement with the Indonesian company PT Pamapersada Nusantara. The proceeds from this loan will finance the company's purchase of coal mining equipment from Japanese Komatsu.
In this context the Bank stated: 'This loan will significantly support the export of mining equipment by a Japanese company."
Buyer's credit agreements
JBIC provides direct loans named buyer's credit to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to 'positively contribute to Japanese companies'. Further information can be found on the Bank's website under export loans.
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.