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                    [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
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MACHINERY CREDIT INSURANCE SYSTEM

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                    [Title] => Trial and error results in best policies, regulations
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abtest

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