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Japan raises yen lending cap for COVID assistance to 700 billion yen

  • September 24, 2021
  • , Yomiuri , p. 1
  • JMH Translation
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The Japanese government has raised its cap on “yen loans for emergency financial assistance” to 700 billion yen to offer lending at lower-than-usual interest rates to developing nations affected by COVID-19, sources have revealed. Prime Minister Suga Yoshihide plans to announce this when he meets with the leaders of the U.S., Australia, and India for the “Quad” summit to be held in Washington on Sept. 24.

 

In addition to the lending support, Suga also plans to tell his counterparts about Japan’s continued efforts to donate vaccines to developing countries and to help them build “cold chains” by providing cool storage and refrigerator trucks. (Abridged)

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