COFACE TO LAUNCH FACTORING OPERATIONS IN JAPAN

France-based credit insurer Coface is to begin offering factoring services in Japan, 18 months after it first entered the country, breaking the monopoly of state-owned Nippon Export & Investment Insurance (NEXI). Coface said that its massive database of corporate credit information, collected through its now well-established credit insurance business, would enable it to conduct factoring with high efficiency.