Bank of Japan details direct lending programme


The Bank of Japan’s (BoJ) publication on Tuesday of the principal terms and conditions of its new, unprecedented funding measure showed the central bank stepping outside of its traditional remit and further into the realms of quasi-fiscal activity.

The central bank will provide loans for no less than a year to “support strengthening the foundation for economic growth” in areas including research and development, setting up new businesses, energy and the environment, healthcare, childcare,

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