Rapid increase in consultations on cash flow from SMEs Request for support from government financial institutions March 17 4:48
Consultations on cash financing are increasing rapidly from small and medium-sized businesses that are affecting their business due to the spread of the new coronavirus. For this reason, the government urged the private sector and government-affiliated financial institutions to further strengthen their funding support.
With the spread of the new coronavirus, there are concerns that tourists will decrease, events will be curtailed, production will decline, and that the financing of SMEs will become more severe by the end of the fiscal year.
For this reason, the government has set up a substantial interest-free and unsecured loan system to support funding. However, according to the Ministry of Economy, Trade and Industry, approximately 60,000 consultations have been received so far. is.
For this reason, Minister of Economy, Trade and Industry Kajiyama asked the top of government-affiliated financial institutions on the 16th to ensure prompt and courteous response at the lending front, and Vice Prime Minister Aso and Minister for Finance also said. We strongly urged us to respond flexibly to changes in lending conditions.
As a government, the ministry in charge aims to encourage financial institutions to take a deeper step by directly requesting the top private and government-affiliated financial institutions to increase their funding support.
After the request, Prime Minister Aso told reporters, "I will monitor the financial institution's response to make sure it is working properly," and indicated a policy of strictly checking whether the financial institution is responding appropriately.