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Japan Government to Help Small Businesses With $9.4 Billion of Finance

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variety.com
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By Mark Schilling Japan Correspondent The Japanese government will use a public and private sector fund to financially support small and medium-sized businesses hit by the coronavirus pandemic, Japanese sources reported Thursday.

The plan is to funnel as much as JPY1 trillion ($9.4 billion) to qualifying companies via the fund starting by the middle of May, with each getting approximately JPY100 million ($940,000).

The targets of the funding initiative are companies that cannot presently survive on bank financing alone, but can be expected to recover once the threat of the virus recedes.

One main criterion is that they employ at least 50 people and have sales of 1 billion yen ($9.4 million) or more annually. Also, companies that were

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