TOKYO -- The Japanese government will set up a program to inject capital directly into financially troubled small- and medium-sized businesses -- key drivers of regional employment and economic growth -- that have fallen into serious difficulties due to the impact of the coronavirus, Nikkei has learned.
Under the program, a maximum of 1 trillion yen ($9.39 billion) will be set aside by the Regional Economy Vitalization Corporation -- a joint public-private fund -- to rescue companies that cannot be saved only through loans. The framework will allow investments as large as 10 billion yen per company.
