TOKYO (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)
