Japan's Credit Guarantee System Reform of 2017 and New Functions of Credit Guarantee Associations


In June 2017, the Japanese Diet passed "the Act on the Partial Revision of the Small and Medium-sized Enterprise Credit Insurance Act to Promote Improvements and Developments of SME's Business Management" (Credit Guarantee System Reform Act in short) in order to enhance the roles that credit-guarantee system plays in terms of supporting SMEs. In this paper, the author, who was a member of the Small and Medium Enterprise Policy-Making Council's Financial Working Group (the Financial WG), tries to explain what this reform aims.


Credit guarantee, SMEs, Bank, Government support, Japan


Nobuyoshi YAMORI
Research Institute for Economics and Business Administration
Kobe University
E-mail: yamori@rieb.kobe-u.ac.jp