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Japan expands credit line to Greece
23 Jun 2010 at 4:29am

HONG KONG (MarketWatch) -- Japan has agreed to expand its credit line to Greece by an additional 160 billion yen ($1.8 billion), as part of its commitments to the bailout package made by the International Monetary Fund, according to a report Wednesday by the Nikkei newspaper. The funding, announced ahead of the meeting of the Group of 20 in Toronto this weekend, is in addition to the 40 billion yen in loans Japan has already provided, the report said. The IMF will request the aid from Japan in the next few months and begin transferring the funds to Greece as part of its 30 billion euro aid package during the next three years through 2012.

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