TOKYO, June 29 (Reuters) – Japan’s J.Entrance Retailing Co has acquired credit score strains totalling 300 billion yen ($2.80 billion) from banks together with Mitsubishi UFJ Monetary Group and Sumitomo Mitsui Monetary Group, Kyodo information reported on Monday. The credit score strains are geared toward getting ready for any retailer closures that may outcome from a doable second wave of coronavirus infections, Kyodo stated. J.Entrance Retailing, which owns department shops together with Daimaru and Matsuzakaya, declined to touch upon the report. Its shares fell greater than 6% after the report. MUFG declined to remark. SMFG couldn’t be reached for remark instantly. $1 = 107.0800 yen
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