ANNOUNCEMENT 19 Jan 2010

In January 2010, the government of Japan announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Japanese Ministry of Economy, Trade and Industry. . avaialble at http://www.mlit.go.jp/common/000998749.pdf


Inception date: 19 Jan 2010 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On 19 January 2010, the Japanese government released a credit line to Japan Airlines as part of an agreed cooperate revitalization programme.
The credit line has a volume of 350 billion Yen (2.9 billion USD). It is complemented by tax remission with an estimated value of 68 billion Yen (560 million USD).
This is the second intervention of the Japanese government, after an earlier round of emergency funding in 2009 (see related measures).
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED SECTORS

 
641 653

AFFECTED PRODUCTS

 
N/A