Japanese plan to go local in Latin America and U.S.

Spanish-speaking bankers are going to be hired by Japan’s banking titans to win new business in Latin America and the bankers are also giving loans to junk-grade borrowers in the United States. After the central bank has disclosed a financial plan, the move abroad was given a new force this month. According to the bank, Latin America is a promising market for injecting finance – gas pipelines in Mexico, and development of copper mines and power plants in Chile. The bank is raising loans to U.S. municipalities. A $209 million loan was recently transacted New York City Water Financing Authority.

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