Japanese SMEs target Southeast Asia
Share of loans for smaller firms has quadrupled in recent years
Small- and medium-sized enterprises in Japan are following huge corporations to Southeast Asia as their home economy continues to trudge along.
Financing for SMEs from the Japan Bank for International Cooperation for expansion overseas now accounts for 40% of total loans, up from just 10%, reports Nikkei Asian Review.
42% of the loans were for expansion in Thailand, followed by 27% for Vietnam and 12% for Indonesia.