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BOJ to extend fund aid schemes for pandemic-hit firms
The Bank of Japan is set to extend beyond March a range of measures aimed at easing corporate funding strains, as the coronavius pandemic continues to hurt the economy, said sources familiar with the central bank’s thinking. The bank’s nine-member board will reach the decision at a rate review either in December or January, they said on condition of anonymity as they were not authorised to speak publicly. The BOJ eased policy in March and April mostly by ramping up asset purchases and creating a new facility to funnel funds via financial institutions to cash-strapped firms hit by COVID-19. The package of measures ... (full story)