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MNI INSIGHT:BOJ Likely To End Special Measures After Govt Move

(MNI) Tokyo
(MNI) Tokyo

The Bank of Japan is unlikely to extend special measures to facilitate Covid funding for smaller firms.

The Bank of Japan is unlikely to extend its special measures to facilitate Covid funding for smaller firms at its Sept 21-22 policy-decision meeting, following a government decision to end its own zero-interest rate and zero-collateral loan programme on Sept. 30, MNI understands.

The BOJ will likely reiterate its forward guidance for policy rates to emphasise that its stance will remain easy at the meeting, and officials will also examine whether to support financing for companies hit by high commodity prices, though commercial banks are viewed as willing to lend to smaller firms. (See: MNI INSIGHT: BOJ Unmoved By Rising Inflation, Slumping Yen).

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The Bank of Japan is unlikely to extend its special measures to facilitate Covid funding for smaller firms at its Sept 21-22 policy-decision meeting, following a government decision to end its own zero-interest rate and zero-collateral loan programme on Sept. 30, MNI understands.

The BOJ will likely reiterate its forward guidance for policy rates to emphasise that its stance will remain easy at the meeting, and officials will also examine whether to support financing for companies hit by high commodity prices, though commercial banks are viewed as willing to lend to smaller firms. (See: MNI INSIGHT: BOJ Unmoved By Rising Inflation, Slumping Yen).

Keep reading...Show less