Japan shifts liquidity focus to loans


The Bank of Japan said on Friday that it would stop purchasing commercial paper and corporate bonds in December as planned. It added, however, that its low interest corporate loans scheme, which was also scheduled to end in December, would be extended to the end of March next year.

The central bank's policy board also voted unanimously to keep the uncollateralised overnight call rate at 0.1%.

Masaaki Shirakawa, the central bank's governor, said: "We decided to extend our special operations for l

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