“Failure” of bills decreased by 68% in July Whether the cash flow support measures had a certain effect August 16 at 16:09
It turned out that the number of bills that were used for payments between companies that resulted in "payment failure" due to the inability to prepare funds by the deadline fell by nearly 70% last month from the same month last year. It seems that the financial support measures for companies affected by the new coronavirus have had some effect.
The bills used for payments between companies promise to postpay the price, and exchanges are conducted through the clearing offices nationwide.
According to a summary by the Japan Bankers Association, the number of cases in which bills could not be prepared by the due date due to the transaction of bills and were "paid" were 571 last month, a decrease of 68% from the same month last year. The decrease is the first time in two months.
If you fail to pay the bill twice in half a year, transactions with financial institutions are usually suspended, but last month the number of "transactions" decreased by 68% from the same month last year.
It seems that support measures such as virtually no interest and unsecured lending for companies affected by the new coronavirus are showing some effect.
However, looking at the amount of "payment" last month, the total amount was 8.6 billion yen, 3.7 times higher than the same month last year.
The National Bankers Association believes that some companies do not have the money they need, and will continue to demand that banks not stop the transaction immediately if the bills fail.