TOKYO -- Watami, one of Japan's biggest restaurant operators, is set to receive about 10 billion yen ($92.5 million) in financing from the Development Bank of Japan as the company seeks to change its business model and adapt to the new normal, Nikkei has learned.
The state-backed DBJ launched a program last month to support larger companies having at least 1 billion yen in capital in the coronavirus-ravaged restaurant and hotel industries. Watami is the first known borrower of the new scheme.
