JBIC strengthens overseas expansion of Japanese SMEs

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The Japan Bank for International Cooperation (JBIC), through its Governor, Mr. Hiroshi Watanabe, signed three contract loan agreements (CLAs) based on the General Agreement JBIC had signed with the Bank of Yokohama, Ltd. for supporting overseas business deployment of mid-tier enterprises and small and medium-sized enterprises (SMEs). These CLAs will respectively fund the manufacturing and sales of automobile parts by Thai KJK Co. Ltd., a Thailand subsidiary of Kawasaki Automotive Industry Co., Ltd.; the manufacturing and sales of automobile parts in China by an automobile parts manufacturer in Kanagawa; and the manufacturing and sales of electronic equipment in Thailand by an electronic parts manufacturer in Tokyo. These CLAs will support overseas business deployment of Japanese SMEs with speedy and flexible provision of long-term foreign currency funds necessary for their business expansion in developing countries by way of a private financial institution. These individual CLAs will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries. As Japan’s policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including SMEs, by collaborating with domestic private financial institutions for maintaining and improving the international competitiveness of Japanese industries.

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