Even if a state of emergency is declared for one metropolitan area and three prefectures, banks, credit unions, credit unions, etc. will continue to consult with SME owners and sole proprietors about financing. ..
Of these, The Johnan Shinkin Bank, which has its head office in Shinagawa-ku, Tokyo, will cut the number of employees who go to work by half to prevent the spread of the infection, but will continue to work at the counter as before.
At the counter, there are many consultations from restaurant owners who are requested to shorten business hours by 8 pm, so on the 7th, Chinese restaurant owners came to consult for additional loans. Was there.
Nobumitsu Matsuzawa, CEO, who runs six stores in Tokyo, said, "If this situation continues, there is a possibility that funds will be short-circuited in about a month. It is unlikely that the spread of infection will subside in the next month." I was talking.
The Johnan Shinkin Bank is also strengthening online consultations, and Chairman Kyoji Kawamoto said, "Since the end of last year, the number of consultations for the second borrowing from restaurant owners has increased sharply. I want to support all of you. "
Government-affiliated financial institutions continue to support
The government-affiliated financial institutions "Japan Finance Corporation" and "The Shoko Chukin Bank" continue to support the financing of small and medium-sized enterprises that have been hit by the new coronavirus.
The "Japan Policy and Finance Corporation" accepts consultations on cash flow from 9:00 am to 5:00 pm on weekdays, and for sole proprietors and small businesses until 7:00 pm on the phone only. It has become.
Also, on Saturdays, we accept phone calls from 9am to 3pm.
Commerce and Industry Chukin accepts consultations by phone and stores around the world from 9 am to 5 pm on weekdays and from 9 am to 3 pm on Saturdays.
We do not accept Sundays and public holidays.
BOJ additional monetary easing if necessary
The Bank of Japan will continue to take all possible measures to prevent the economic downturn.
Specifically, we will continue to supply funds through financial institutions as a cash flow support measure for companies affected by the new coronavirus.
At the monetary policy meeting in December, the Bank of Japan decided to extend the deadline for this system until the end of September.
In addition, in order to prevent the instability of the financial market from spreading to the real economy, it will continue to supply abundant funds to the market, such as purchasing ETFs = exchange-traded funds that make multiple stocks together.
On top of that, the Bank of Japan will pay close attention to the impact of the new coronavirus on the economy and will hesitate to take additional monetary easing if necessary.