ANNOUNCEMENT 04 Dec 2012In December 2012, the government of Japan announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Japanese Bank for International Cooperation, Press Release: http://www.jbic.go.jp/en/about/press/2012/1204-01/index.html
On 4 December 2012, the Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding (MOU) with Yapi ve Kredi Bankasi A.S., a Turkish bank, with the purpose of exchanging information on potential export projects involving Japanese machinery and equipment and export projects in the field of renewable energy.
The information exchange should facilitate the use of two active credit lines previously signed with Yapi Kredi and ultimately aims at 'the expansion of export business involving Japanese companies'.
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.