ANNOUNCEMENT 15 Mar 2013In March 2013, the government of Japan announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Japan Bank for International Cooperation, Press Release:
On 15 March 2013, the Japan Bank for International Cooperation (JBIC) agreed with Sumitomo Mitsui Banking Corporation (SMBC) to offer an export credit line to finance the overseas activities of Japanese SMEs. The credit line amounts to USD 50 million.
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.