The 2017 Reform of Japan’s Credit Guarantee System and New Functions of Credit Guarantee Corporations
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In June 2017, the Japanese Diet passed the Partial Revision of the Small and Medium-sized Enterprise Credit Insurance Act to Promote Improvements and Developments of SME’s Business Management (“Credit Guarantee System Reform Act”) to enhance the roles played by the credit guarantee system in terms of supporting SMEs. In this chapter, the author, who was a member of the Small and Medium Enterprise Policy-Making Council’s Financial Working Group (“Financial WG”), tries to explain the aims of this reform.
KeywordsCredit guarantee SMEs Bank Government support Japan
- Yamori N (2017a) Fixing the misunderstanding about the proposed reform of the credit guarantee program. http://www.rieti.go.jp/en/papers/contribution/yamori-nobuyoshi/01.html. Accessed 19 Jul 2017 (Japanese version appeared in Kinyu Zaisei Jijyo 29 May 2017)
- Yamori N (2017b) Challenges facing the managers of Japanese regional banks: human resources capable of helping customers solve problems are the key to success. http://www.rieti.go.jp/en/papers/contribution/yamori-nobuyoshi/02.html. Accessed 28 Sept 2017 (Japanese version appeared in Nihon Keizai Shimbun 29 Aug 2017)
- Yamori N (2017c) Expectations for enhancement of functions that credit guarantee corporations will provide. Credit Guarantee 133:19–25 (in Japanese)Google Scholar