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[QUOTE="InstaForex Gertrude, post: 17356, member: 2617"] [B]Bank Of Japan Launches New Lending Program[/B] [IMG type="full"]https://forex-images.ifxdb.com/analysts/big_preview/japan/2.jpg[/IMG] The Bank of Japan introduced a new lending program to help small and medium-sized firms and left its target for short-term interest rate and the bond yield target unchanged on Friday. At the emergency meeting, the policy board of the BoJ unanimously decided to launch a lending scheme worth about JPY 30 trillion to support SMEs struggling to operate amid the spread of the novel coronavirus, or Covid-19. According to the new scheme, the bank will provide funds to eligible counterparties against pooled collateral for up to 1 year at the loan rate of zero percent. The board voted 8-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank. Also, the bank will continue purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent. As for CP and corporate bonds, the BoJ will maintain their amounts outstanding at about JPY 2 trillion and about JPY 3 trillion, respectively. [I][URL="https://www.instaforex.com/forex-news"]News are provided by [B][COLOR=Red]Insta[/COLOR]Forex[/B].[/URL][/I] [/QUOTE]
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