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Free AccessMNI POLICY: BOJ To Extend Lending Program If Needed: Kuroda
The Bank of Japan will extend its special lending facility, currently slated to end next March, to help boost corporate financing if needed, Governor Haruhiko Kuroda said Wednesday
"When the BOJ decides to extend the program, the bank will decide on it not just before March," he said
Kuroda stressed the effectiveness of measures that the BOJ has implemented to support getting funds to firms.
Answering questions from the press about his first official meeting with Prime Minister Yoshihide Suga, Kuroda said, "The BOJ and the government will communicate with each other and manage macroeconomic policy in an appropriate manner."
He also said that the government and the BOJ have been implementing their individual roles based on a joint statement made by both back in 2013.
Earlier in the day, Kuroda spoke to business leaders on Osaka City via an online conference.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.