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Coronavirus

Japan to offer $112bn safety net to companies hit by pandemic

Goal is to prevent credit downgrades and help businesses get private financing

The Japanese government's $112 billion assistance package aims to shore up the finances of companies hit by the coronavirus, helping them obtain private credit. (Photo by Wataru Ito)

TOKYO -- The Japanese government will provide 12 trillion yen ($111.62 billion) in aid to companies to help them cope with the effects of the new coronavirus.

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