Private sector leaders seek government and BOJ assistance to secure necessary foreign exchange

Japan’s major banks are looking for ways to obtain more dollars without disrupting financial market functions. (Photo by Akira Kodaka)

TOKYO — Japan’s leading commercial banks and the government-backed Japan Bank for International Cooperation (JBIC) have commenced funding for the initial phase of projects established during U.S.-Japan tariff negotiations. However, early indicators suggest that acquiring the necessary additional dollar reserves may pose significant challenges.

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