The Financial Services Agency has requested financial institutions to provide thorough support toward the end of the fiscal year, as the financial institution of small and medium-sized enterprises may become difficult even in Japan due to the soaring crude oil prices caused by Russia's military invasion of Ukraine. ..
In addition to the prolonged impact of the new coronavirus, there are concerns that the cash flow of small and medium-sized enterprises will become tighter, as crude oil prices soar due to concerns about supply shortages caused by Russia's military invasion of Ukraine.
Especially toward the end of this month, the Financial Services Agency gathered representatives of public and private financial institutions to exchange opinions on the 7th because the demand for funds from companies will increase.
In this, Minister of State for Financial Services Suzuki said, "Businesses are in a very difficult situation. I want them to take all possible measures to execute new loans required for working capital and to support cash flow." We requested that we provide active support, paying attention to the situation and the impact on the community.
On the other hand, financial institutions are concerned about the impact on transactions related to Russia, and the uncertainty of the regional economy is increasing. For example, in Hokkaido, to businesses that handle marine products and LNG = liquefied natural gas. There was an opinion that support was important.
The government wants to support the support of small and medium-sized enterprises by considering improving the procedures so that they can apply for subsidies smoothly.