The Bank of Japan board member Miyako Suda warned from instability in the currencies market, besides recent movements in global financial markets that is affecting economic activity by worsening corporate and household confidence.

The BOJ said yesterday it will provide 10 trillion yen for three-month loans at 0.10% and the bank Japanese government bonds, corporate bonds and commercial papers as collateral. This came after pressures from the Japanese government to face the declining prices and deflation threats.