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                    [Title] => State recognizes importance of SMEs, enacts laws
                    [Summary] => Small and medium enterprises (SMEs) in Japan have played an important role in the economic and social development of Japan. In fact, they are a vital majority in this country. This is statistically evident. For example, 99 percent of the 4.7 million non-primary business in Japan in 2001 fell into the SME category. The number of employees likewise accounted for 25 million or 67 percent of the total work force.


                    [DatePublished] => 2003-12-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
                    [SectionUrl] => banking
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                    [ArticleID] => 230972
                    [Title] => Trial and error results in best policies, regulations
                    [Summary] => The current Japanese Credit Supplementation System for small and medium enterprises (SMEs) is a product of trial and error, with the first considered to be a loss compensation system implemented in the 1930s. In this system, some local governments partially compensated bank’s total losses incurred by defaulted loans to SMEs, and the central government provided re-compensation to assist the local governments. Since they did not have to contact numerous SMEs, or deal with recovery process, the business operation was relatively easy.
                    [DatePublished] => 2003-12-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
                    [SectionUrl] => banking
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CREDIT GUARANTEE CORP

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                    [Title] => State recognizes importance of SMEs, enacts laws
                    [Summary] => Small and medium enterprises (SMEs) in Japan have played an important role in the economic and social development of Japan. In fact, they are a vital majority in this country. This is statistically evident. For example, 99 percent of the 4.7 million non-primary business in Japan in 2001 fell into the SME category. The number of employees likewise accounted for 25 million or 67 percent of the total work force.


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                    [ArticleID] => 230972
                    [Title] => Trial and error results in best policies, regulations
                    [Summary] => The current Japanese Credit Supplementation System for small and medium enterprises (SMEs) is a product of trial and error, with the first considered to be a loss compensation system implemented in the 1930s. In this system, some local governments partially compensated bank’s total losses incurred by defaulted loans to SMEs, and the central government provided re-compensation to assist the local governments. Since they did not have to contact numerous SMEs, or deal with recovery process, the business operation was relatively easy.
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abtest

State recognizes importance of SMEs, enacts laws

December 16, 2003 - 12:00am

Small and medium enterprises (SMEs) in Japan have played an important role in the economic and social development of Japan. In fact, they are a vital majority in this country. This is statistically evident. For example,...

Banking

Trial and error results in best policies, regulations

December 9, 2003 - 12:00am

The current Japanese Credit Supplementation System for small and medium enterprises (SMEs) is a product of trial and error, with the first considered to be a loss compensation system implemented in the 1930s. In...

Banking