Shinginko Tokyo, Japan's first bank created by a local government, was set up by the Tokyo Metropolitan Government in April 2004 and started operations a year later to realize Tokyo Gov. Shintaro Ishihara's pet idea of supporting struggling small and medium-size companies in the capital. With many of its loans having soured, however, the metro government is now trying to bail out the ailing bank by injecting an additional ¥40 billion in taxpayer money.
The following are some questions and answers about Shinginko Tokyo:
Why did the metro government establish Shinginko Tokyo?
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