TOKYO (Reuters) – Japan’s government will create a pool of funds with private financial institutions to inject capital into small and mid-sized firms struggling from the hit to earnings from the coronavirus pandemic, the Nikkei newspaper reported on Tuesday.
The government will set aside roughly 50 billion yen ($465 million) for the fund under a second supplementary budget for the current fiscal year, which will be submitted to parliament for approval in June, the paper said, without citing sources.
(Reporting by Leika Kihara; Editing by Andrew Heavens)
