@article{oai:stars.repo.nii.ac.jp:00009352,
 author = {中野, 瑞彦 and NAKANO, Mitsuhiko},
 issue = {4},
 journal = {桃山学院大学経済経営論集, ST.ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW},
 month = {Mar},
 note = {Governments of most countries have been struggling against the
economic downturn caused by COVID-19 and taking financial packages
such as an expansion of official lending or interest subsidies for borrowing.
Japanese government also has secured budget of 62 trillion yen of financial
aids to domestic business entities.
One specific feature of the current package is an official initiative of
launching a subordinate loan to private companies including small and
medium sized ones. A subordinate loan is recognized as a kind of capital on
the self-assessment of financial institutions though it is literally debt on a
balance sheet. It contributes to an improvement of capital ratio of a
company. But it should be noted that a subordinate loan is riskier for a
creditor than an ordinary one because the loan has neither any division
repayment nor collateral.
Given the weak economic growth of Japan in the rapid aging society an
easy launch of a subordinate loan might result in the significant cause of
later economic trouble. Both debtors and creditors should consider a
negative impact of a subordinate loan.},
 pages = {327--346},
 title = {経済危機における劣後ローン導入の問題点},
 volume = {62},
 year = {2021}
}