Headline on Reuters that Mizuho Financial Group is says setting up 1 trln yen low interest rate loan facility for high growth sectors in response to BOJ lending program
No further details at this stage
ADDED:
- Mizuho Bank statement said it will start providing the loans for one year starting in April to growth sectors such as the environment, energy, medical services and tourism
- facility was set up after the BOJ doubled funds available to banks under two facilities – one that encourages lenders to funnel money to industries with growth potential and another that offers cheap funds to banks that boost lending.
