NISSAN is seeking a further ¥100 billion ($1.36 billion) in emergency government loans designed to help Japanese firms cope with the global economic crisis, a report said today.
Nissan, which has so far borrowed ¥50 billion under the lending programme, has already informed the government-run Development Bank of Japan of its additional request, the Nikkei business daily said.
The Japanese car maker, suffering from a slump in the global car industry, is thought to be aiming to roll over part of its debt procured through commercial paper and other instruments, it reported.
Japan's largest leasing company, Orix Corp, is also seeking some ¥100 billion in the programme, while Japan Airlines is tapping the programme again for an additional ¥200 billion, the daily said.
The Government launched the low-interest rate loan programme for crisis-hit Japanese firms in December. It has recently raised the funding capacity from ¥2 trillion to ¥10 trillion due to a growing number of applicants.
It was not immediately possible to confirm the report.
