The government will reduce the interest rate on loans extended by its affiliated financial institutions to small and midsize companies suffering from recent natural disasters to 2 percent from 2.1 percent, effective next Wednesday, government officials said Thursday.

The rate applies to companies affected by the eruptions of Mount Usu in Hokkaido and Mount Oyama on Miyake Island south of Tokyo, quakes jolting the island of Niijima and Kozu Island south of Tokyo and heavy rains in the Tokai region of central Japan, they said.

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.