According to foreign reports, a government background Bank of Japan and a national industry organization in Japan Auto Parts Industries Association is planning to establish an asset size in June about 6.2 billion fund to help by March 11 earthquake in Japan And tsunami, the troubled auto parts manufacturer.

     The source said the Bank of Japan Auto Parts Industries Association and Japan are discussing the size of the fund, has not yet been finalized, but is expected to be around for the 50 billion yen.

     Parts of Japan on behalf of more than 400 companies confirmed that the Japanese Auto Parts Industry Association, is working with the Bank of Japan to discuss the establishment of such a fund, but said details are still making process.