Yamori, Nobuyoshi - In: Journal of risk and financial management : JRFM 12 (2019) 2/63, pp. 1-17
After the global financial crisis, the Japanese government enacted the Financing Facilitation Act in 2009 to help small and medium-sized enterprises (SMEs) that had fallen into unprofitable conditions. Under this law, when troubled debtors asked financial institutions to ease repayment...