Japan extends special measures to 2010


The Bank of Japan said on Wednesday that it would extend a batch of measures aimed at safeguarding the stability of the financial system until at least the end of 2009.

The central bank said it would continue outright purchases of commercial paper and corporate bonds to 31 December from 30 September. It will also accept a broader range of corporate debt as eligible collateral until the same date.

Its expansion of the range of asset-backed commercial paper eligible as collateral will be extended

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