Offering Guarantees: Japan Display and Contract

offering guarantees: INCJ Ltd., a government-linked investment fund and the largest shareholder of Japan Display, will continue offering guarantees for the loans, the sources said, according to The Japan Times. The contract for loans of up to 107 billion was concluded in August 2017, and a one-year extension until next month was agreed to in August last year. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank Ltd. will extend their commitment line contract with Japan Display, currently set to expire Aug. 7, until the end of December to help the company's funding, informed sources said. ; Unless the contract is extended, Japan Display would have to repay its loans to the banks by that date. Twitter Facebook Linked In LATEST BUSINESS STORIESJapan and South Korea clash at WTO over trade row South Korea tried to bring international pressure to bear on Japan by airing its complaint regarding Tokyo's tightened export controls at the World Trade Organization WTO on Wednesday, but the... Nissan to slash 10% of global workforce after worse-than-expected 99% profit plunge Nissan Motor Co. doubled its planned job losses and unveiled new production cuts after reporting a 99 percent plunge in first-fiscal quarter operating profit, hurt by an aging product lineup and... Dollar almost unchanged at around 108.05 in Tokyo The dollar was almost flat around 108.05 in late Tokyo trading Thursday in the absence of major market-moving factors. At 5 p.m., the dollar stood at 108.05-05, against 108.03-04 at the same ... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; (news.financializer.com). As reported in the news.