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Bank of Japan Shows ‘Whatever It Takes’ Attitude With $700 Billion Coronavirus Plan

TOKYO—The Bank of Japan bolstered its support for business financing to about $700 billion, paralleling the Federal Reserve in expanding the central banking tool kit during the coronavirus pandemic.

Under a government program approved in late April, commercial banks are set to receive a credit guarantee of up to 100% on no-interest, no-collateral loans to small and midsize businesses hit by the pandemic. On Friday, the Bank of Japan, the nation’s central bank, said it would lend commercial banks the money needed to make such…

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