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Coronavirus

Japan to inject capital into virus-hit companies

Auto, aviation and steel sectors to receive quick cash through subordinated loans

Planes taxi at Haneda Airport in Tokyo.   © Reuters

TOKYO -- The Japanese government will inject cash into large and mid-size corporations that are struggling in the face of the coronavirus, supplementing low-interest loans and subsidies already in place to help save businesses.

The capital injections will be designed as a safety net in case negative impacts from the pandemic drag on or worsen. The idea is to create measures companies can easily take advantage of, so they can receive help quickly.

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