TOKYO -- The Japanese government will insure bank loans used to procure liquified natural gas under short-term contracts, Nikkei has learned, offering assistance to help businesses secure the key resource.
The government-backed Nippon Export and Investment Insurance (NEXI) will receive premiums from private-sector lenders in exchange for policies that will cover more than 90% of loan amounts. The Ministry of Economy, Trade and Industry will soon announce a new trade insurance mechanism.
