Japan mulls 100 bil. yen investment in large firms hit by virus impact

The Japanese government is considering investing 100 billion yen ($930 million) in large companies reeling from the new coronavirus outbreak, as the deepening impact of the expanding pandemic is feared to cut into corporate financial standing, a source close to the matter said Thursday.The government is studying buying preferred shares of companies in any industry in need of support to beef up their financial conditions through the Development Bank of Japan, the source said.The airline, auto and shipping sectors are emerging as hardest-hit industries, as the virus spread sparked travel rest…READ FULL ARTICLE