Bank of Japan to Expand Loan Program to Weaken Yen, Sankei Says
This article is for subscribers only.
The Bank of Japan may expand a bank lending program to lower interest rates and help weaken the yen, the Sankei newspaper reported, without saying where it got the information.
The central bank may increase the credit facility for lenders to 30 trillion yen ($351 billion) from 20 trillion yen, the newspaper said. The duration of the loans may also be increased to six months from three months, possibly at an emergency policy meeting before Prime Minister Naoto Kan meets BOJ Governor Masaaki Shirakawa next week, the report said.