tariff increase: If any case of abuse is confirmed, the agency will demand the loans be repaid in a lump sum, sources familiar with the matter said. ; Under the Flat 35 program, loans are provided for up to 35 years through commercial financial institutions in collaboration with the agency to help individuals buy homes to live in, according to The Japan Times. Use of the loans for real estate investment is prohibited. The agency is now investigating the details. The agency is an independent administrative agency supervised by the land ministry and the Finance Ministry. Twitter Facebook Linked In LATEST BUSINESS STORIESTrump's latest tariff hike takes effect on 200 billion of China imports ahead of second day ...U.S. President Donald Trump's tariff increase to 25 percent on 200 billion worth of Chinese goods took effect Friday, and Beijing said it would strike back ratcheting up tensions as... Japan enacts bill aimed at lowering mobile phone fees The Diet enacted a legal revision Friday aimed at lowering mobile phone fees and spurring competition in the country's saturated telecoms market. Land minister Keiichi Ishii said at a news conference Tuesday that it would be regrettable if any improper use of the loan program is confirmed.
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