ANNOUNCEMENT 05 Mar 2013

In March 2013, the government of Japan announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Innovation Corporation Network of Japan, News Release: http://www.incj.co.jp/PDF/1362458993.en.pdf


Inception date: 05 Mar 2013 | Removal date: open ended
Still in force

Financial grant

On 5 March 2013, the Innovation Network Corporation of Japan (INCJ) announced to support Nikko Textile Corporation with a Ą3bn (US$31.23 million) investment for business development.
INCJ argues that given the price competition from foreign companies in the textile industry, its investment will foster growth and accelerate the company's expansion in the global market. The INCJ is a public-private partnership established in July 2009 with the aim of providing financial, technological and management support for businesses in Japan.