The loan-financing arm of Toyota, Japan’s biggest industrial giant, is understood to have approached a state-backed fund for as much as $2 billion in emergency loans.
A request for Government funding from the Japanese giant is expected to trigger a deluge of other demands for capital by other of the country's struggling industrial companies.
A spokesperson for the Government-backed Japan Bank for International Co-operation (JBIC) said that they were evaluating “multiple” funding requests from across corporate Japan.
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