ANNOUNCEMENT 31 Mar 2016In March 2016, 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 of 31 March 2016: Loan for Die-Cast Aluminum Parts Manufacturing and Sales Business of Japanese Company in Mexico: http://www.jbic.go.jp/en/information/press/press-2015/0331-48039
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
On 31 March 2016, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with Japanese MINO Industry Co., Ltd. totalling a maximum USD 18.722 million. The loan finances its Mexican subsidiary MINO Industry Mexico S.A. De C.V.'s manufacturing and sales of automotive die-cast aluminum parts in Mexico.
In this context the Bank stated: 'Through the support of such overseas business deployment of MINO Industry, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.'
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment 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.
Affected trading partners are identified based on UN Comtrade's import data from 2014.