“Support for SME Business Recovery” Himi Financial Services Commissioner August 7, 17:47
In the interview with NHK, Director-General of the Financial Services Agency, Ryozo Himino, who took office last month, will focus on financial institutions and support for business restructuring to support SMEs affected by the spread of the new coronavirus. I emphasized the idea to ask.
In response to this, Secretary Himi said that the FSA has requested financial institutions to support the financing of SMEs due to the spread of infection. We take it as a whole that we are making a lot of progress, and we take it as a whole."
On top of that, "I think there will be additional issues in addition to cash flow. Some borrowers will need to improve their management and revitalize their businesses. The true value of regional financial institutions will be asked how to support them." He emphasized the idea of calling on regional financial institutions to support the rebuilding of their businesses as well as the financing of companies.
Also, regarding the amendment of the "financial function strengthening law" that relaxed the conditions to make it easier for financial institutions to receive public funds due to the spread of infection, Secretary Himi said, " When supporting us, if we can exert our full strength with a little more capital, we would like you to consider using the “Financial Function Enhancement Act” as an option.”