Bank of Japan Doubles Lending Program Aimed At Fueling Credit Growth
Wednesday, March 17, 2010 - 07:05
Written on Wed, 03/17/2010 - 7:05am
By Chip Brian

3/17/2010- The Bank of Japan doubled a lending program aimed at fueling credit growth after the government stepped up calls to arrest deflation, which is hurting the economic recovery, according to a Bloomberg report.
Governor Masaaki Shirakawa and his board increased the three-month loan facility to 20 trillion yen ($222 billion), according to a statement made by the bank.
The bank also held the overnight lending rate at 0.1%

Keywords: Bank of Japan

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