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Japan considering 12 trillion yen safety net for firms hit by pandemic - Nikkei

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05/22/2020 | 05:49 am

The Japanese government is considering setting up a 12 trillion yen safety net to offer capital to firms hit by the coronavirus pandemic, the Nikkei newspaper reported Friday.

The Development Bank of Japan and public-private funds would act to support both large companies and small-and-medium-sized enterprises quickly through subordinated loans and stock acquisition, the paper said.

(Reporting by Kevin Buckland; Editing by Toby Chopra)

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