BoJ's Kuroda: Aiming to channel funds to companies hit by the coronavirus pandemic
|Bank of Japan Governor Haruhiko Kuroda said the central bank may consider extending a March 2021 deadline for lending facilities aimed at channelling funds to companies hit by the coronavirus pandemic, the Yomiuri newspaper reported on Tuesday.
Retures reports on the matter and explains that in the interview with the daily, Kuroda also said risks to Japan's economy were high as COVID-19 infection numbers were increasing not just in Tokyo but outside the capital city.
Key notes
- Kuroda says if needed, may mull extending march 2021 deadline of steps to support corporate funding - Yomiuri newspaper.
- Says Japan's economy gradually heading toward recovery, but downside risk is big given increase in COVID-19 infections outside of Tokyo - Yomiuri.
- Says expanding loan scheme, cutting short-, long-term rate targets, ramping up ETFbuying among options if BoJ were to ease further - Yomiuri.
Market implications
There will be no material or immeadiate impact to the yen on this subject , although it is risk positive for equities.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.