bank of japan plans new credit plan to boost growth
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bank of Japan plans new credit plan to boost growth

Arab Today, arab today

Arab Today, arab today Bank of Japan plans new credit plan to boost growth

Tokyo - Arabstoday

The Bank of Japan may introduce a low-interest lending programme to bolster the country's economic growth, the Nikkei newspaper reported, without saying where it obtained the information. The central bank's policy board will discuss the proposal when it meets today and tomorrow, Nikkei said yesterday. The programme, probably worth several hundred billion yen, will provide commercial lenders funds at an annual rate of 0.1 per cent for a maximum of four years to encourage lending to high-potential, early stage companies that don't have real estate collateral, the newspaper said. The BoJ last year introduced a 3 trillion yen (Dh136.16 billion) credit programme to channel funds to growth-support industries including energy, environment and social infrastructure, a step policy makers call crucial to prop up the economy's growth and counter deflation. Governor Masaaki Shirakawa last month said the bank will examine whether there is room to enhance the programme, which had extended 2.94 trillion yen of the pledged amount as of this month. Some BoJ policymakers voiced reluctance to increase the existing 3 trillion yen programme. Board member Seiji Nakamura said on June 2 the bank must "carefully" weigh any expansion of the programme because there have been signs of side-effects, including intensifying competition among lenders to reduce loan rates, which hurt their earnings. Nakamura also said the central bank's programme was introduced as a "catalyst" to encourage private lending, and shouldn't be expected to remain in place perpetually. Private lenders have set up 8.4 trillion yen of capital funds to nurture growth industries, Nakamura said. The central bank shouldn't consider an expansion "just because the scheme's lending is reaching a cap," he said. Atop that 3 trillion yen, the BoJ in April introduced a separate 1 trillion yen facility, which also makes one-year loans at 0.1 per cent, for commercial banks in areas devastated by the March 11 natural disasters. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of japan plans new credit plan to boost growth bank of japan plans new credit plan to boost growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of japan plans new credit plan to boost growth bank of japan plans new credit plan to boost growth

 



GMT 15:47 2017 Sunday ,17 December

Alonso edges Chelsea past Southampton

GMT 20:35 2017 Tuesday ,26 September

Military production companies aim at 100% locally-made

GMT 16:39 2017 Saturday ,11 February

Yemen's rebels demand dismissal of UN peace envoy

GMT 01:54 2017 Saturday ,23 September

Venezuela protest death toll rises in renewed violence

GMT 20:19 2016 Thursday ,17 November

Cairo film festival begins with a bang

GMT 02:24 2017 Saturday ,18 November

Hariri expected in France after 'Saudi hostage' rumours

GMT 06:07 2013 Monday ,15 July

Egypt freezes Islamist leaders\' assets

GMT 06:07 2017 Saturday ,30 September

At least 12 Afghan security forces killed

GMT 00:18 2016 Tuesday ,27 September

Probe own brother, ousted Thai PM tells junta chief

GMT 13:22 2017 Friday ,01 December

Ambassadors of Western nuclear powers
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday