BOJ decides to cut corporate debt, reduce pandemic mitigation funding Reuters
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TOKYO (Reuters) – The Bank of Japan on Friday decided to reduce its corporate debt purchases to pre-pandemic levels and reduce some emergency funding schemes by the March 2022 deadline.
As expected, the central bank maintained its short-term interest rate target at 0.1% and the yield on 10-year bonds was around 0%.
The BOJ last year increased its purchases of corporate bonds and securities and pledged to buy at a rate of 20 trillion yen ($ 175 billion) until March 2022. He also established an individual loan. a project aimed at channeling funds to small businesses through financial institutions.
($ 1 = $ 113,7200)
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