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Finance

Japan banks offer swift loans to virus-hit businesses in China

SMBC, Mizuho and MUFG promise extensions, quick screening and low rates

Sumitomo Mitsui Banking Corp. is offering special loans to Chinese manufacturers and distributors of masks and other medical supplies.   © Reuters

SHANGHAI -- Japan's three largest banks will provide lending to help Chinese businesses affected by the coronavirus, aiming to swiftly bring necessary funding to blunt the impact of the epidemic.

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