Toyota has confirmed it was after a government loan for its financing unit but declined to give details, saying they had not been decided.

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The company said only that Toyota Financial Services was talking with the government-backed Japan Bank for International Co-operation but local media reports said it had applied for a JPY200bn (US$2bn; GBP1.45bn) loan.


Analysts noted the news did not mean that Toyota was in trouble.


“Toyota is not in danger. It’s out to get the lowest price for funding that the strength of its credit can get,” Okasan Securities analyst Yasuaki Iwamoto told Reuters. “On the balance sheet, it doesn’t matter if the funds are private or public.”

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