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Coronavirus Relief Surges for Japan’s Small Firms

Coronavirus Relief Surges for Japan’s Small Firms

TOKYO—It isn’t a great time to be running a hotel in Japan, since virtually all foreign tourists are barred from visiting the country. But the owner o

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TOKYO—It isn’t a great time to be running a hotel in Japan, since virtually all foreign tourists are barred from visiting the country. But the owner of a traditional Kobe hot-springs inn had no problem getting a loan for renovations.

It’s part of Japan’s latest freewheeling experiment in opening the monetary taps. Bank lending is rising at a record pace thanks to no-interest loans for small businesses that are backed by a public guarantee.

Using…

This post first appeared on wsj.com

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