RTTNews - Tuesday, Japanese Finance Minister Kaoru Yosano said the Bank of Japan should extend its purchases of commercial papers and corporate bonds. These funding measures are due to expire in September.
Today, the Policy Board of the central bank began its two-day Monetary Policy Meeting. The Board is expected to discuss whether to continue its corporate funding measures beyond the stipulated time.
The central bank has been purchasing corporate debt and lending to commercial banks in exchange for sufficient collateral since it lowered its overnight lending rate to a level close to zero, at 0.1%.
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