The government supports three financial institutions for SMEs: Shoko Chukin Bank
, established in 1936, focused on SME cooperatives; People's Finance Corp.
SMEs in Japan are to be lured to invest in Indonesia by the bank's association with Shoko Chukin Bank
and Shoko Chukin Bank
for such firms that could be affected by Elpida's filing for court-led rehabilitation.
The move affected Japan Expressway Holding and Debt Repayment Agency, East Nippon Expressway Company Limited, Central Nippon Expressway Company Limited, West Nippon Expressway Company Limited, Metropolitan Expressway Company Limited, Urban Renaissance Agency, Japan Railway Construction Transport and Technology Agency, Kansai International Airport Company Ltd, Japan Finance Corporation, Japan Finance Organization for Municipalities, Japan Housing Finance Agency, Development Bank of Japan Inc (DBJ) and The Shoko Chukin Bank
He also represented Shoko Chukin Bank
in its new 10-year lease on the 14th floor of 666 Fifth Avenue.
A plan to privatize Shoko Chukin Bank
and abolish Japan Finance Corp.
The equity will be provided by Toshiba Corporation, Dai-Ichi Capital Co, Daiwa Securities SMBC Principal Investments and the Shoko Chukin Bank
I don't think there is a need to carry out financial policies separately among ministries,'' the premier said, indicating he favors a merger of some of the eight financial institutions, such as Shoko Chukin Bank
, a government-backed financial institution for commercial and industrial cooperatives.
The task force also urged METI to abolish state involvement in ordinary loans by the Shoko Chukin Bank
and to limit operations of Japan Finance Corp.
The one Japanese government-owned bank, Shoko Chukin Bank
, accounts for only 0.
The Shoko Chukin Bank
, set up in 1936, provides loans for memberSME cooperatives, and since 1951, directly to the cooperatives' individual members as well.