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To Japan and parts suppliers will set up 500 billion yen fund
 

Dow Jones reported that sources said recently that Japan Development Bank (TheDevelopmentBankofJapan) program in June of this year to set up a 500 billion yen (collectively 617 million) fund in March to the earthquake and tsunami disaster hit by car component suppliers to help.

    According to reports, the fund will be used for small and medium sized automotive suppliers into the capital, as they will eventually become the pillars of economic recovery.

    According to "Financial Times" quoted a source does not indicate the identity of the words reported that the initial stage, the size of the fund may be 500 billion yen. However, the Japan Development Bank has not issued an official announcement.

    According to Japan Automobile Dealers Association (JapanAutomobileDealersAssociation) 2011 Äê 5 figures released this month, Japanese vehicle sales in April this year, below the record sales that month fell by 51%.

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