METI Requests that Governmental Financial Institutions and Other Organizations Consider Supporting Businesses to Address Expanding Infection of Novel Coronavirus
February 7, 2020
The Ministry of Economy, Trade and Industry (METI), in collaboration with other related organizations, requested that governmental financial institutions and other organizations consider supporting businesses in avoiding serious difficulties in financing in the event that business owners are affected by the recent epidemic of the novel coronavirus.
Such governmental financial institutions and other organizations have established consultation counters and have been addressing requests from businesses in order to help such businesses avoid serious difficulties in financing as novel coronavirus infections continue to rise.
Against this backdrop, the related ministries and agency, namely the Cabinet Office, the Ministry of Finance, the Ministry of Health, Labour and Welfare, the Ministry of Agriculture, Forestry and Fisheries and the Small and Medium Enterprise Agency, jointly requested that governmental financial institutions and other organizations consider providing businesses with sufficient support tailored to their current conditions, including providing timely and appropriate loans and changing the terms and conditions of the existing debt, (including concessions on repayment). In particular, these ministries and agency additionally requested that the Japan Finance Corporation and the Okinawa Development Finance Corporation make use of the system of safety-net loans.
Division in Charge
Finance Division, Small and Medium Enterprise Agency