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ECONOMY > Finance

Bank of Yokohama joins hands with JBIC to expand yuan-denominated loans

  • November 18, 2019
  • , Nikkei , p. 3
  • JMH Translation

The Bank of Yokohama will sign a credit line contract with the Japan Bank for International Cooperation (JBIC) to expand yuan-denominated loans to second-tier and smaller businesses that have offices in China. The plan is to meet the funding needs of Japanese companies considering expanding their operations and capital investment there by making it easier to flexibly secure Chinese currency. The Bank of Yokohama expects to provide loans worth billions of yen under the new credit line over the medium term. (Abridged)

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