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Finance

Japan banks to forgive bounced checks for foreseeable future

Measure will offer grace period for small companies affected by the coronavirus

An almost empty restaurant in Tokyo: small businesses are expected to be hit especially hard from the coronavirus outbreak.   © Reuters

TOKYO -- Companies defaulting on payments will not be blacklisted for the foreseeable future under measures announced Friday by the Japanese Bankers Association, a move to help cash-poor small and midsize businesses survive the coronavirus pandemic.

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