May 13, 2020 / 8:27 PM / 2 months ago

Japan govt to create scheme to inject capital into pandemic-hit firms -Nikkei

TOKYO, May 14 (Reuters) - Japan’s government will create a scheme to inject capital into large and mid-size companies suffering the hit from the coronavirus pandemic, the Nikkei newspaper reported on Thursday.

Under the scheme, government-affiliated lenders will invest in ailing companies by offering subordinated loans or accepting preferred shares, the paper said.

The scheme will be included in a fresh package of measures the government will map out to cushion the economic blow from the pandemic, and funded partly by a second supplementary budget for the current fiscal year, the paper said without citing sources. (Reporting by Leika Kihara Editing by Chris Reese)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below