Japan offers ¥1 trillion to firms in disaster-stricken regions

bankofjapan

The Bank of Japan (BoJ) on Thursday said it will offer ¥1 trillion ($11.7 billion) in loans to financial co-operatives based in areas worst hit by the recent earthquake and tsunami for a one-year term. The central bank decided to widen the range of eligible institutions for the funds, "with a view to securing sufficient financing capacity of financial institutions in disaster areas".

Qualifying financial institutions need to have offices in disaster areas and should be counterparties in the Bank

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