Cybersecurity
BOJ Signals Readiness to Boost Lending to Support Weak Economy
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The Bank of Japan indicated its willingness to expand lending programs to support reconstruction efforts after the nation’s record March 11 earthquake crippled factory production and pushed the economy into a recession.
“We’re examining whether there’s a way to enhance” a 3 trillion yen ($37 billion) lending program for industries that can spur economic growth, Governor Masaaki Shirakawa said in a speech in Tokyo today. Many BOJ board members in April discussed the potential need to expand a 1 trillion yen loan program designed to help companies in the aftermath of the quake, a record of the meeting released today showed.