Financial Services Agency Announces Relief Measures for Flood and Heavy Rain Disaster Victims
Tokyo, Japan – August 8, 2025 – The Financial Services Agency (FSA) today announced a comprehensive set of financial relief measures for individuals and businesses affected by the severe low-pressure system and frontal rainfall that caused extensive damage across Japan starting on August 6, 2025. The announcement, made at 16:30 JST, aims to provide immediate support and alleviate the financial burdens faced by disaster victims.
The FSA has coordinated with financial institutions, including banks, credit unions, insurance companies, and securities firms, to implement a range of supportive actions. These measures are designed to offer flexibility and assistance during the challenging recovery period.
Key financial relief measures include:
- Loan Deferments and Restructuring: Financial institutions are being urged to offer flexible options for loan repayments. This includes the deferment of principal and interest payments, as well as the restructuring of loans for individuals and businesses impacted by the disaster. This aims to prevent immediate financial distress and provide breathing room for recovery.
- Relief for Insurance Claims: Insurance companies will be expediting the processing of claims related to property damage, crop damage, and other insured losses. The FSA is emphasizing a prompt and efficient claims settlement process to ensure that victims receive the support they are entitled to as quickly as possible.
- Waiver of Fees: Certain fees associated with financial transactions, such as ATM usage fees for disaster-affected areas, may be waived by financial institutions to ease the burden on those who have lost access to their funds or need to manage their finances remotely.
- Support for Small and Medium-sized Enterprises (SMEs): Special consideration will be given to SMEs that have suffered damage. This may include the provision of low-interest loans, preferential loan terms, and expert advice on business continuity and recovery strategies.
- Flexibility in Account Management: For individuals who may have lost identification documents or are unable to access their bank accounts due to the disaster, financial institutions are encouraged to exercise flexibility in account management procedures to ensure continued access to essential funds.
- Dissemination of Information: The FSA will be working with financial institutions to ensure that clear and accessible information about these relief measures is widely disseminated to the public through various channels. This includes providing guidance on how to apply for assistance and whom to contact for further support.
The FSA emphasizes that these measures are a crucial step in supporting the nation’s recovery from this devastating natural disaster. Financial institutions are encouraged to proactively reach out to their customers in affected areas and offer tailored assistance. The agency will continue to monitor the situation closely and is prepared to implement further measures if necessary to ensure the stability of the financial system and the well-being of the public.
The FSA encourages all individuals and businesses impacted by the recent heavy rainfall and its consequences to contact their respective financial institutions to understand the specific relief measures available to them.
令和７年８月６日からの低気圧と前線による大雨に伴う災害等に対する金融上の措置について公表しました。
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金融庁 published ‘令和７年８月６日からの低気圧と前線による大雨に伴う災害等に対する金融上の措置について公表しました。’ at 2025-08-08 16:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.