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BOJ Offers More Lending, No Extra Easing at Emergency Meet

From bnnbloomberg.ca

The Bank of Japan launched a new lending program to support small businesses struggling amid the coronavirus but held off from adding major stimulus at an emergency meeting Friday. The BOJ kept its policy interest rates and asset purchases unchanged, while finalizing details of a lending program Governor Haruhiko Kuroda instructed his staff to put together last month. The yen strengthened a touch against the dollar after the decision, moving from around 107.71 against the greenback to around 107.56. The Nikkei 225 stock index gave up its early gains following the announcement. The decision comes shortly after a ... (full story)

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  • Category: Fundamental Analysis