BoJ extends lending schemes as economic growth disappoints
The Bank of Japan (BoJ) today decided to expand and extend two schemes designed to stimulate lending to the ‘real economy', while keeping its monetary base targets unchanged.
The two schemes pre-date the ‘quantitative and qualitative easing' (QQE) programme instituted by governor Haruhiko Kuroda in April last year. The Growth-Supporting Funding Facility was introduced in 2010 and expanded and extended in March 2012, while the Stimulating Bank Lending Facility was set up in December 2012 – both
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