Japan Allots US$33B to Help Fund Businesses

To encourage more businesses to make longer-term investments, the Bank of Japan has unveiled a US$33 billion low-interest fund for private banks to lend to companies, reports Channel News Asia, adding that the central bank has also kept its lending rate unchanged at 0.10 percent.


Citing the BOJ, Channel News Asia notes that participating banks would be able to loan a maximum of 150 billion yen at an interest rate equal to the central bank's key lending rate.


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