Japan to replenish virus-hit firms' capital with subordinated loans

The Japanese government is considering replenishing capital of businesses hit hard by the new coronavirus pandemic through subordinated loans and preferred shares, sources close to the matter said Thursday.The plan will be included in a new stimulus package to ease the impact of the virus that will be financed by a second supplementary budget for fiscal 2020. Later Thursday, Prime Minister Shinzo Abe will instruct officials to draw up the fresh extra budget, according to the sources.The state-owned Development Bank of Japan and the government-linked Japan Finance Corp. will offer the suppor…READ FULL ARTICLE