• SHARE

The ruling Liberal Democratic Party, the Social Democratic Party and New Party Sakigake agreed Sept. 10 on a plan to streamline government-affiliated financial institutions.

Under the plan, the Japan Development Bank would give up its key service of extending low-interest loans to big businesses in major industries. The bank, established in 1951, says it has accomplished its initial goal of fostering growth of industries in the postwar era.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW