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BOJ Takes Slow Lane on Paring Covid Aid as Peers Accelerate

  • Bank adds 6 months support for SMEs, trims corporate debt buys
  • Kuroda rules out idea that policy normalization is on horizon
Bloomberg business news
WATCH: The BOJ succeeds by failing, says Jesper Koll, executive director of Monex Group Japan.Source: Bloomberg
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The Bank of Japan ended the second year of the pandemic in a very different place to other major central banks.

While the Federal Reserve and the Bank of England this week took aggressive steps to pull back from crisis aid, Governor Haruhiko Kuroda and his board slow walked it, extending assistance to struggling smaller businesses for another six months and paring back help for bigger firms from April.