According to the report, the Japanese government will set up a public-private fund to inject capital into small- to medium-size companies, hit by the fallout from the coronavirus outbreak.

The government plans to allocate over JPY50 billion (USD465 million) in the draft secondary budget later in June. The arrangement is aimed at supporting small businesses in the manufacturing, services and other industries that are considered indispensable to regional economies.

Japan's government will also call on private-sector financial institutions to offer loans.