Following the Bankruptcy of "All-Toshin," Support for Small and Medium-Sized Enterprises Will Be Provided, Including the Establishment of a Special Consultation Desk and Relaxation of Loan Requirements, According to Minister of Economy, Trade and Industry Akazawa.
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Following the Osaka District Court's decision to commence bankruptcy proceedings for Zen-Toshin (Osaka City), a company that handles credit card payments, the Japan Finance Corporation's three branches in Mie Prefecture announced on the 10th that they have established special consultation desks. According to the corporation, the desks were set up in response to concerns that stores contracted with Zen-Toshin may not be able to collect sales reve…
At a press conference following a cabinet meeting on the 10th, Minister of Economy, Trade and Industry Ryosei Akazawa stated that, following the bankruptcy proceedings of credit card payment processing company Zen-Toshin (Osaka), "measures are needed to mitigate the impact on the cash flow" of its contracting small and medium-sized enterprises. From that day, 378 government-affiliated financial institutions nationwide…
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