BoJ expands fixed-rate fund supply on growth, yen fears

bank-of-japan

The Bank of Japan (BoJ) on Monday announced further monetary easing, expanding its newest fund-supplying facility by Y20 trillion ($238 billion), following an unscheduled policy meeting.

The central bank has introduced a six-month term to the fixed-rate funds supply operation it unveiled last December. In addition to the existing Y10 trillion three-month operation, the central bank will now offer Y20 trillion at the longer duration.

The benchmark uncollateralised overnight call rate was left fla

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