The Regional Economy Vitalization Corporation of Japan (REVIC), a Tokyo-based public-private funding organization, opened an office in Tenjin, its third in the country,on Nov. 25. REVIC will work with local banks to restructure struggling companies, manage funds and make investments, all in an effort to contribute to the regional economy. The organization, formerly known as the Enterprise Turnaround Initiative Corporation of Japan, was involved in the successful restructuring of JAL. When it changed its name to REVIC in March 2013, it began expanding its investments into regions outside of metro Tokyo. In Kyushu, REVIC has provided support to a shochu distillery and a seafood retailer, and it launched a new fund in September to promote the regional healthcare industry. Source: Nishinippon Shimbun 11/26
