BOJ to provide 30 tril. yen to aid virus-hit small firms

The Bank of Japan decided Friday to provide a further 30 trillion yen ($278 billion) to broaden support for corporate financing until the end of March 2021, targeting small and midsize companies hit by the coronavirus pandemic.At its first unscheduled meeting since November 2011, the central bank decided to start providing the funds to financial institutions such as regional banks in June in a bid to prod them to increase loans to smaller companies and individual business operators.The latest step will expand the size of the BOJ's support for corporate financing amid the pandemic to 75 tril…READ FULL ARTICLE