ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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.

The Development Bank of Japan and public-private funds will use subordinated debt and stock purchases to support companies that have seen their finances deteriorate due to the pandemic. It will also help them restructure after the outbreak subsides.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more