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Nissan received Japan government's largest ever loan guarantee

Taxpayers on hook for $1bn in automaker rescue by state-backed DBJ

A Nissan representative said the company is not aware that the government is acting as a guarantor on its behalf.   © Reuters

TOKYO -- The Japanese government guaranteed the Development Bank of Japan's crisis loans to Nissan Motor, Nikkei has learned, a move that could potentially leave taxpayers on the hook for future losses at the troubled automaker.

In May, the government-backed lender provided 180 billion yen ($1.7 billion) in loans to the automaker. Of this, 130 billion yen was guaranteed by the government, Nikkei has learned.

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