TOKYO, May 27 (AFP): Japan's government announced Tuesday a package worth $15.5 billion aimed at shielding small to medium-size businesses (SMEs) from the impact of US tariffs.
The package worth 2.2 trillion yen ($15.5 billion) will include help with corporate financing and easing of loan conditions at a government-backed lending institution, said Chief Cabinet Secretary Yoshimasa Hayashi.
"We will provide full support for small and medium-sized enterprises affected by the US tariffs," Hayashi told a press conference.
Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.
Japan to provide $15.5bn tariff help to SMEs
FE Team | Published: May 28, 2025 00:13:51
Japan to provide $15.5bn tariff help to SMEs
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