Ministry of Economy, Trade and Industry supports small and medium-sized enterprises affected by the partial suspension of production in Hino | Reuters

On April 13, the Ministry of Economy, Trade and Industry announced that it would take measures for small and medium-sized enterprises and small businesses affected by the partial suspension of production of Hino Motors. The photo is the Hino Motors logo. Taken in 2017 in Tokyo. (2022 Reuters / Kim Kyung-Hoon)

[Reuters, Tokyo 13th]–The Ministry of Economy, Trade and Industry announced on the 13th that it will take measures for small and medium-sized enterprises and small businesses affected by the partial suspension of production of Hino Motors. In addition to setting up a special consultation desk for cash flow consultations at the Japan Finance Corporation, public financial institutions will provide cash flow support.

Guarantees 100% of the loan amount for small and medium-sized enterprises and small businesses that have direct or indirect transactions with Hino and are expected to reduce sales, etc. Activate Safety Net Guarantee No. 2. We also request flexible measures such as safety net lending by government-affiliated financial institutions and postponement of repayment of existing debt.

On March 29, the Ministry of Land, Infrastructure, Transport and Tourism issued an administrative punishment to revoke the model designation required for production in response to the fraudulent problem of exhaust gas and fuel efficiency data data by Hino.

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