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
- Fintech in the ‘new era’ – Sustainable and sound development
- China’s macroeconomy in the ‘new era’ of politics and power
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- ‘Regulatory equivalence’ not enough for post-Brexit UK CCPs – Cœuré