• Kyodo

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Sumitomo Mitsui Banking Corp. will extend ¥20 billion in loans to Brazilian agribusiness company Amaggi to improve its distribution network and boost exports of corn and soybeans to Japan, according to sources close to the matter.

The Japanese government will take on some of the risk of the six-year loans through a trade insurance program designed to secure sufficient food supplies for Japan, the sources said Wednesday.

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