Exploration & Production

Japan offers loans to encourage infrastructure exports

Japan is looking to offer generous loans to meet its infrastructure export target of ¥30 trillion by 2020.
By Staff reporter 11 June 2018 0 31238

Japan is looking to offer generous loans to meet its infrastructure export target of ¥30 trillion ($272 billion) by 2020, according to the Nikkei Asian Review.

Sales hit ¥21 trillion in 2016, with the government offering loans at interest rates of 0.1% as long as the money was used in low- and middle-income countries by foreign enterprises more than 50% owned by Japanese companies.

The government is lowering this ownership level to 20%, which is expected to give Japanese companies a better chance at...