Japan’s new top financial regulator, Yutaka Ito, said the Financial Services Agency (FSA) will provide strong financial support to small and mid-sized businesses affected by the Trump administration’s tariffs.
Ito, who became head of the FSA last month, expressed concern that many small businesses are worried about cash flow due to the ongoing uncertainty caused by the tariffs.
He added that these small businesses are key clients of local banks, so it’s important to spread awareness about available financing support and help ease their concerns.
Because the effects of the tariffs are expected to last a long time, Ito said the FSA plans to offer support over the long term.
He also emphasized that the financial world changes rapidly every year, and said he wants to strengthen the agency by improving staff skills and making the FSA a more adaptive and evolving organization.
by MagazineKey4532