Small and medium sized enterprises (SME) provide employment for three-quarters of Japan’s workforce – but they have serious debt management issues.
The island nation has been hit by hard-times. A weakened economy coupled with a worsening banking crisis has hit the SME hard – financing is becoming increasingly more difficult.
Most SME rely heavily on bank and credit union loans, but they no longer provide adequate capital risk for these traditional lenders.
As a result, the government and the Bank of Japan (BOJ) have introduced a public policy initiative designed to provide support and more importantly capital to the troubled SME community.
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