Nikkei press on the BOJ announcement yesterday:
- Says that Bank of Japan Governor Haruhiko Kuroda has chosen to keep wishes for another round of monetary easing alive with bold rhetoric
Last April, the central bank unveiled plans to double the monetary base over two years as part of aggressive monetary easing. The keyword was applied this time to a pair of BOJ programs designed to provide low-interest loans to financial institutions so that they will increase their own lending.
More detail on these loan programs is here, from yesterday
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Gonna take more than rhetoric, regardless of how bold or familiar ….
