Automated High Impact News Updates: Enhancement of Monetary Easing

4/27/2020 06:31:00 PM
1. Japan's Economy has been in an increasingly severe situation due to the impact of the spread of the novel coronavirus (COVID-19) at home and abroad. Although policy responses taken by the government and the Bank of Japan have been exerting some positive effects, financial conditions have been less accomadative in terms of corporate financing, as seen in deterioration in firms' financial positions. 2. Given these developments, the Bank judged it appropriate to further enhance monetary easing through (1) an increase in purchases of CP and corporate bonds, (2) strengthening of the Special Funds-Supplying Operations ... (full story)
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