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Japan to set up subsidies for regional banks to cope with COVID-19 -draft

Pedestrians cross the street in front of the Bank of Japan headquarters (behind) in Tokyo. (AFP)
Pedestrians cross the street in front of the Bank of Japan headquarters (behind) in Tokyo. (AFP)
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04 Dec 2020 03:12:15 GMT9
04 Dec 2020 03:12:15 GMT9

Japan will establish subsidies for regional banks that shore up their core strength through mergers and integration as part of efforts to revive regional economies hit by the COVID-19 pandemic, a draft stimulus package seen by Reuters showed on Friday.

The draft stimulus package is expected to be finalised and approved by Prime Minister Yoshihide Suga’s cabinet on December 8. 

Reuters

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