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BOJ’s Amamiya Signals Less Need to Help Big Firms With Funding

Masayoshi Amamiya

Masayoshi Amamiya

Photographer: Akio Kon/Bloomberg

Bank of Japan Deputy Governor Masayoshi Amamiya dropped a strong hint that big firms are in less need of funding support, a comment that will likely fuel speculation the BOJ will scale back its pandemic buying of corporate bonds and commercial paper.

Ahead of a policy meeting next week during which the bank is widely expected to discuss whether it will extend the funding program, Governor Haruhiko Kuroda’s right hand man said market conditions for issuing corporate bonds and commercial paper are “extremely favorable.”