Roles of Financial Institutions and Credit Guarantees in Regional Revitalization in Japan

  • Nobuyoshi Yamori
  • Yoshihiro Asai
  • Masao Ojima
  • Kei Tomimura
  • Koji Yoneda

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Also part of the Kobe University Social Science Research Series book sub series (BRIEFSKUSSRS)

About this book


This book is about the roles that financial institutions are expected to play for revitalizing regional economies in Japan, which face several serious problems such as a rapidly aging population as well as a sharp decline in population. The Japanese government expects regional financial institutions to contribute to that revitalization. Actually, Japanese regional financial institutions have made various efforts to support small and medium-sized enterprises (SMEs) to increase their profitability and sustainability. However, the efforts have not yet produced adequate outcomes.

To help clarify the reasons for the failures and to offer policy recommendations, the authors used four questionnaires to conduct surveys. They sent the questionnaires to the headquarters of regional financial institutions for Chapter 1 and to the staffs of regional financial institutions for Chapter 2. The government revised the Credit Guarantee System Reform Act in 2017 to promote financial institutions and credit guarantee corporations in order to proactively support SMEs, so in Chapter 3 the aims of the revised act are explained.  Chapter 4 is based on a survey of startups that used the public credit guarantee. Finally, Chapter 5 is based on another, different questionnaire that was sent to SMEs to find out why they failed to improve their risk management and how financial institutions can help them to prepare for disasters. To the best of the authors’ knowledge, these questionnaire studies on regional revitalization have not been carried out elsewhere, making this book unique.


regional economies regional revitalization small and medium enterprises (SMEs) credit guarantee act credit guarantee corporations start-ups banking

Authors and affiliations

  • Nobuyoshi Yamori
    • 1
  • Yoshihiro Asai
    • 2
  • Masao Ojima
    • 3
  • Kei Tomimura
    • 4
  • Koji Yoneda
    • 5
  1. 1.Research Institute for Economics & Business AdministrationKobe UniversityKobeJapan
  2. 2.School of CommerceMeiji UniversityChiyoda-ku, TokyoJapan
  3. 3.Research Institute for Economics & Business AdministrationKobe UniversityKobeJapan
  4. 4.Faculty of Business AdministrationAichi UniversityNagoya-shiJapan
  5. 5.Faculty of EconomicsKumamoto Gakuen UniversityKumamotoJapan

Bibliographic information

  • DOI
  • Copyright Information The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Print ISBN 978-981-32-9678-7
  • Online ISBN 978-981-32-9679-4
  • Series Print ISSN 2191-5504
  • Series Online ISSN 2191-5512
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