The Financial System Council of the Financial Services Agency began discussions on regulatory reforms, including a review of money lending business regulations, to promote financing by foreign banks to Japanese companies. The start of the discussions was formally addressed at the plenary meeting on 31 August, with the aim of promoting growth investment.
At its plenary meeting on 31 August, the Financial System Council of the Financial Services Agency began discussions on reviewing money lending business regulations to make it easier for foreign banks to provide financing to companies, with the aim of supporting companies' growth investment.
The background to the discussions was described as the development of a financial environment that promotes companies' growth investment, and agenda items including regulatory easing were presented.
The initiative is reported to centre on a policy of facilitating corporate financing through regulatory changes.