The government has submitted a bill to the Diet to help small and midsize enterprises overcome cash-flow problems. An increasing number of enterprises earning operating profits are going bankrupt after being pressed by lenders to repay loans. It is hoped that this bill will help such companies avoid having to file for bankruptcy.
The idea for the bill at first caused some controversy as Financial Services Minister Shizuka Kamei had called for a “moratorium” on repayments of loans. The bill’s wording has been softened, avoiding the word “moratorium.” If the bill becomes law, it will be in force through the end of March 2011.
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.