METI Minister Akazawa Sets Up Special Consultation Desks at 378 Locations Nationwide Following Zenshintsu Bankruptcy

Regulation
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Minister of Economy, Trade and Industry Ryosei Akazawa announced that, following the bankruptcy of credit card payment processor Zenshintsu, special consultation desks have been set up at 378 government-affiliated financial institutions and other locations nationwide for affected small and medium enterprises and small-scale businesses. To mitigate the impact on cash flow, support will be provided through loans from government-affiliated financial institutions and credit guarantee schemes. Under the Japan Finance Corporation's safety-net lending program, a special measure will be introduced allowing businesses to access loans without meeting the normally required condition of a 5 percent or greater decline in sales. Additionally, for the Safety Net Guarantee No. 1, which guarantees 100 percent of debt, the Minister has initiated the designation process and begun pre-designation consultations ahead of the formal designation.

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