ANNOUNCEMENT 22 Jun 2009

In June 2009, 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. . available at http://www.mlit.go.jp/common/000229684.pdf


Inception date: 22 Jun 2009 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On 22 June 2009, the Japanese government released an emergency credit line to Japan Airlines as part of a cooperate revitalization programme. The total volume of the credit line is 100 billion Yen (830 million USD).
This intervention was followed by further state aids in late 2009 and early 2010 (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

 

AFFECTED PRODUCTS

 
N/A