New Corona "crisis response loan" application 2.5 trillion yen Policy investment silver May 20 18:20
Regarding the "crisis response lending" established by the government to support the financing of companies affected by the spread of the new coronavirus, the Development Bank of Japan received consultations on financing of 2.5 trillion yen mainly from large companies. I made it clear.
"Crisis response financing" is a system in which the government lends money to corporations through government-affiliated financial institutions in the event of a natural disaster or an economic crisis.The Development Bank of Japan is the main window for financing large corporations. .
At the financial statements on the 20th, the bank revealed that it had applied for approximately 2000 crisis response loans so far, totaling 2.5 trillion yen.
At the time of the Lehman shock, we provided a loan of 3 trillion yen as a crisis response loan in a year and a half, but this time the application exceeded 2 trillion yen in 2 months, and there are companies that need funds. It explains that there are too many.
On the other hand, the bank has established a fund to promote growth by investing in companies affected by the new coronavirus as part of the government's economic measures, but for the time being, we will prioritize lending.
Shin Kikuchi, Executive Vice President of Development Bank of Japan, said, “I think companies are moving quickly to hold down the necessary funds. The tourism-related and air transportation-related businesses are conspicuous, but they provide appropriate and speedy financing to all industries. I want to do it. "