DBJ to offer ¥500 billion in loans

JIJI

The Development Bank of Japan will invest and loan more than ¥500 billion to enhance Japanese companies’ international competitiveness over the next three years, according to sources.

The government-affiliated lending institution will establish an investment fund in January to help reinforce and realign growth industries and set up in April a low-rate loan facility to support firms looking to expand into global markets and create new businesses, the sources said.

According to the sources, the new fund will invest up to ¥100 billion annually during the three-year period, which means investment of ¥200 billion to ¥300 billion in total, to beef up recipient firms’ fiscal bases so they can strengthen their research and development footholds, introduce state-of-the-art facilities and push forward with mergers and acquisitions.