Japan’s government- backed Nippon Export and Investment Insurance will triple the maximum amount covered under its trade policies to 30bn yen (JPY), equivalent to US$290m, beginning from next month.
The move is in response to many Japanese companies stepping up their presence in the emerging markets (EMS) of the Middle East and Asia. The public insurer will assist them in building up their exports of ‘big ticket’ items such as cars and electronic goods.
Nippon Export rates foreign firms buying Japanese goods on a scale of 1 to 4 based on their finances, with coverage granted on exports to those qualifying for the top three ratings.
Insurance payments on major firms in the top two categories will rise from the current JPY10bn to JPY30bn in April. Exports to small and medium-sized firms that qualify for the third category will double from JPY5bn to JPY10bn.
Overseas firms that import Japanese cars typically buy from several motor manufacturers. under the new system, the maximum coverage for Japanese carmakers exporting to the same overseas buyer will be capped at a maximum JPY30bn.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more